Category Archives: FBAR and FATCA

FATCA

A recent judgment by an appellant court judge in Israel ordered Bank Hapoalim to transfer money out of a U.S. citizens account, overruling the banks attempt to freeze the account until the account holder signed a W-9 form. To paraphrase, the judge stated that there is no law or ordinance in the law books, or […]

Understanding FBAR Penalties

Understanding the FBAR Penalties Many people are now familiar with the IRS requirement to file an annual Report of Foreign Bank and Financial Accounts (aka “TDF 90-22.1” aka “Foreign Bank Account Report” aka “FBAR” aka “that annoying form with my account information that needs to be sent to the US government”). In the last few […]