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Posts by USFAAF INC

What is FBAR?

Report of Foreign Bank and Financial Accounts (FBAR) – FinCEN Form 114 Who Must File? U.S. persons, which include U.S. citizens, resident aliens, trusts, estates, and domestic entities that have an interest in foreign financial accounts and meet the reporting…

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U.S. Tax Penalties

Title 26 USC § 7201 – Attempt to evade or defeat tax Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties…

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