September 11, 2001 changed everything.
The Patriot Act changed everything.
What changed? Among other things, foreign bank account reporting and failure to file penalty. If you are a U.S. citizen, it is incredibly important for you to contact us immediately if you have a foreign bank account, regardless of the size of the account, and you have not disclosed this to us previously.
After years of penalty abatement the IRS stance for forgiveness is that they will not charge you with the felony or throw you in jail, both of which are allowed under the law. The penalty is $10,000 per occurrence.
It’s simple. Call us if you have a foreign bank account. 314-993-4285.