Workbook on the Report of Foreign Bank and Financial Accounts (FBAR)

CFEG reports that it recently obtained the information below pursuant an order entered by the U.S. District Court for the District of Columbia where the IRS is producing documents on a monthly basis in response to Freedom of Information Act (FOIA) requests. The information may be helpful to taxpayers who may be required to file an FBAR form with the IRS. The material is divided into information about, objectives of the workbook, the purpose of FBAR, who must file an FBAR, definitions, record keeping, exemptions from filing the FBAR, and penalties, among other information.
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