FBAR and FATCA: What Every American Living Abroad Needs to Know
If you have a foreign bank account and you’ve never heard of FBAR — this video could save your financial life. The US government can fine you over $16,000 per violation for failing to report a foreign bank account. If they determine the violation was willful, that fine jumps to $165,000 or 50% of your…
- Tags:
- American expat taxes
- American moving to Italy taxes
- Can the IRS fine me for a foreign bank account
- Do I have to file FBAR if I live abroad
- FATCA vs FBAR explained
- FBAR explained
- Living abroad as an American
- US citizen living abroad tax requirements
- WHAT ARE TAX REQUIREMENTS FOR SOMEONE LIVING ABROAD?
- WHAT ARE THE TAX REQUIREMENTS FOR US CITIZENS LIVING IN ANOTHER COUNTRY
- What happens if you don't file FBAR
