Foreign Bank Account Reports (FBARs) are due April 15 each year, at the same time as your annual tax return. A non-willful failure to file an FBAR may result in a $10,000 penalty, with much higher penalties for willful violations. FBAR Filing Extensions If you miss...
Month: July 2019
What Are Erroneous IRS Tax Levies?
An erroneous IRS tax levy is any levy that is premature of improperly filed. You can try to stop on improper levy before it happens or request a return of property that was erroneously levied. Examples of Erroneous Levies Any of the following situations could be...