Download This PaperThe IRS Provides Welcome Guidance on FBAR Penalties - What to Expect in an Examination Becomes Clearer for Taxpayers
The CPA Journal, pg. 65, July 2015
4 Pages Posted: 14 Nov 2015
Date Written: July 1, 2015
Abstract
This article discusses Interim Guidance for Report of Foreign Bank and Financial Accounts (FBAR) Penalties,” SBSE-04-0515-0025 (May 13, 2015), issued by the Internal Revenue Service (“IRS”). The Interim Guidance contains guidance for assessing willful and non-willful FBAR penalties as well as the internal procedures for IRS examiners in FBAR cases.
Suggested Citation: Suggested Citation
Brackney, Megan L., The IRS Provides Welcome Guidance on FBAR Penalties - What to Expect in an Examination Becomes Clearer for Taxpayers (July 1, 2015). The CPA Journal, pg. 65, July 2015, Available at SSRN: https://ssrn.com/abstract=2689293
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.