What Constitutes “Willful” Failure to File An FBAR?

The willful failure to file an FBAR results in higher tax penalties than the nonwillful failure to do so. But how does the IRS determine that your failure to act was “willful”? The U.S. Government’s stringent foreign bank account reporting requirements are accompanied by horribly disproportionate penalties for failure to...

The 2019 IRS “Dirty Dozen” Tax Scams #12: Abusive Tax Shelters, Trusts, and Conservation Easements

Other Posts in this Series #1: The Dangers of Phishing #2: Phone Scams Getting More Sophisticated #3: Watch Out for New Identity Theft Tactics #4: Tax Preparer Fraud – The Ultimate Deception #5 and #6: Inflating Tax Refunds and Falsifying Income #7: Overstating Deductions #8: Fake Charities #9: Improper Claims...