FBAR and FATCA – Two Abbreviations That Can Wrap You Around the IRS Axle
FBAR and FATCA are two important abbreviations for those who have overseas financial interests. Failure to file the FBAR report, in view of the IRS’s continuing application of FATCA, can get you into what old military veterans used to call FUBAR. Let’s back up a bit and go over those abbreviations: FBAR is a Foreign […]