Whether you're an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penalties. The anti-money laundering Bank ...

In an era of increasing scrutiny on offshore accounts, the U.S. government has aggressively pursued individuals who fail to disclose their foreign financial holdings. The recent case of U.S. v. Leeds, ...

In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses the history of foreign bank account reporting penalties and how two recent court cases could affect the FBAR ...