Tag Archives : FBAR

3 Commonly Overlooked IRS Forms Can Help You Avoid Harsh Penalties

If you are a fiscal U.S. resident – even if you have not generated income outside the U.S. – you must still report the assets you own abroad or risk harsh IRS penalties.

As the April 15 deadline to file your individual federal tax return approaches, here are some of the most commonly overlooked IRS forms that you may also be required to file if you have foreign assets: