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“Missed an FBAR? The Rules Just Changed” with “Beyond the Ledger: Blitz Chats”
Missed an FBAR? The Rules Just Changed
In this episode of Beyond the Ledger: Blitz Chats, host Shardae Layfield sits down with Matt Pellegrom, Partner in Bennett Thrasher’s International Tax Practice, to break down a significant change to the FBAR reporting landscape. With the IRS eliminating its Delinquent FBAR Submission Procedures, taxpayers who discover missed filings may face a different path forward. Matt explains who may have an FBAR filing requirement, the potential risks and penalties associated with delinquent filings, why acting quickly matters, and what individuals and businesses…
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