From the Tax Law Offices of David W. Klasing – Schwarzbaum Case’s Illustrates FBAR Willful Penalties and How FBAR Willful Penalties Are Calculated

IRVINE, Calif., April 14, 2023 /PRNewswire/ — U.S. citizens who hold foreign bank accounts valuing more than $10,000 on any day of the year are required to report file a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes Enforcement Network (FinCEN). Those who…