Got an IRS letter? Free notice review · 415-935-7920
Log inUpload Notice
Home › Notice Library › FBAR
Act soon International

FBAR / Foreign Account Notices

US persons with foreign accounts above the threshold must report them. Penalties grow if the IRS sees willfulness.

What this notice means

US persons with foreign accounts above the threshold must report them. Penalties grow if the IRS sees willfulness.

What to do

List every account, file delinquent reports or use streamlined procedures, and respond to any follow-up.

Before you respond

  1. Read the whole letter and note the notice code, tax year and response date.
  2. Compare the figures with your return, W-2s, 1099s and payment records.
  3. Keep copies of the notice and everything you send. Send proof by a trackable method.
  4. Choose: pay, dispute, appeal or request a resolution program. Get help if the notice mentions a levy, lien or hearing.

Related notices

Form 5472 — $25,000 Penalty

Resolve your tax issues with confidence.

Answer a few questions online or speak with our team. We will help you understand your options and the next best step.

Get StartedBook 30-min Consult