Category Archives: FINCEN

Does a Nonresident Alien Spouse that Has Elected to be Treated as a US Person Need to File an FBAR?

Posted on June 29, 2015 by Russ

With the FBAR deadline upon us, an interesting question arose: Does a spouse covered by the §1.6013-6 regulation allowing a nonresident alien individual to be treated as a resident need to file an FBAR? Logic says no; the FBAR comes … Continue reading →

Posted in FINCEN, International | Tagged | 1 Comment

FBAR Filing Follies

Posted on August 18, 2014 by Russ

Joe Kristan reported last week that you cannot use Adobe Acrobat to file the FBAR; you must use Adobe Reader. In fact, if you have Adobe Acrobat installed on your computer and use Adobe Reader it won’t work either. Well, … Continue reading →

Posted in FINCEN | Tagged | 1 Comment

FBAR Deadline Is June 30th, but It’s Not a Midnight Deadline

Posted on June 26, 2014 by Russ

Almost every tax deadline is a postmark deadline. If your return is postmarked by midnight of the deadline day it’s considered timely filed. If you file it electronically, and it’s filed by midnight, it’s timely. Of course, with every rule … Continue reading →

Posted in FINCEN | Tagged | 3 Comments

Just File the FBAR

Posted on June 18, 2014 by Russ

Several of our clients have asked, “The decision on poker accounts being ‘banks’ is nonsensical. Do I really have to file an FBAR for those accounts?” I am in general agreement with the individuals questioning the ruling. Banks and financial … Continue reading →

Posted in FINCEN, Gambling | Tagged | 5 Comments

FBAR Changes for 2014

Posted on January 7, 2014 by Russ

There have been some changes made by by FINCEN (the Financial Crimes Enforcement Network) for the Report of Foreign Bank and Financial Accounts (FBAR) for 2014. While overall these are minor, they will impact everyone who files an FBAR. First, … Continue reading →

Posted in FINCEN, International | 64 Comments

It Only Took Six Years to Get an Answer….

Posted on November 17, 2013 by Russ

I currently have an audit reconsideration case that’s been on hold for eighteen months. I guess I have nothing to complain about, though. One unlucky attorney waited over six years to get an answer from the Financial Crimes Enforcement Network … Continue reading →

Posted in FINCEN | Comments Off on It Only Took Six Years to Get an Answer….