{"id":217,"date":"2016-02-18T16:21:00","date_gmt":"2016-02-18T16:21:00","guid":{"rendered":"http:\/\/cpamorey.com\/blog\/?p=217"},"modified":"2016-02-18T16:21:00","modified_gmt":"2016-02-18T16:21:00","slug":"foreign-bank-accounting-reporting-fbar-irs-priority-list","status":"publish","type":"post","link":"https:\/\/cpamorey.com\/blog\/foreign-bank-accounting-reporting-fbar-irs-priority-list\/","title":{"rendered":"Foreign Bank Accounting Reporting &#8211; FBAR &#8211; IRS Priority List"},"content":{"rendered":"<p><a href=\"http:\/\/cpamorey.com\/blog\/wp-content\/uploads\/2016\/02\/IRS.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-medium wp-image-218\" src=\"http:\/\/cpamorey.com\/blog\/wp-content\/uploads\/2016\/02\/IRS-300x113.png\" alt=\"IRS\" width=\"300\" height=\"113\" \/><\/a>If you have a foreign bank account that has not been reported to the IRS, then you could be facing serious civil penalties and even criminal penalties. These penalties fall under the <strong>Foreign Bank Account Report<\/strong>, FBAR violations.<\/p>\n<p>To illustrate, the IRS Dirty Dozen tax scam list for 2016 clearly illustrates the emphasis placed upon hiding money or foreign bank accounts (see excerpt below).<\/p>\n<p><em>The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported offshore accounts remains on its annual list of tax scams known as the \u201cDirty Dozen\u201d for the 2015 filing season.<\/em><\/p>\n<p><em>\u201cOur continued enforcement actions should discourage anyone from trying to illegally hide money and income offshore,\u201d said IRS Commissioner John Koskinen. \u201cWe have voluntary options to help taxpayers get their taxes and filing obligations in order.\u201d<\/em><\/p>\n<p><em>Since the first Offshore Voluntary Disclosure Program (OVDP) opened in 2009, there have been more than 54,000 disclosures and we have collected more than $8 billion from this initiative alone. The IRS conducted thousands of offshore-related civil audits that have produced tens of millions of dollars. The IRS has also pursued criminal charges leading to billions of dollars in criminal fines and restitutions.<\/em><\/p>\n<p>The IRS continues to beat this drum more aggressively each year. If you would like to discuss this situation, simply call <strong>949-486-2011<\/strong>\u00a0and ask for\u00a0<strong>Jerry Morey, CPA. \u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Morey &amp; Associates CPA is a <a title=\"CPA Accounting Firm - Los Angeles - Southern California\" href=\"http:\/\/www.cpamorey.com\/\" target=\"_blank\">Southern California CPA Accounting Firm<\/a> with offices in <a title=\"Newport Beach CPA Accountants\" href=\"http:\/\/www.cpamorey.com\/\" target=\"_blank\">Newport Beach<\/a> and <a title=\"CPA Accounting - San Clemente \" href=\"http:\/\/www.cpamorey.com\/\" target=\"_blank\">San Clemente<\/a>. \u00a0We work with businesses throughout <a title=\"Los Angeles CPA Accounting Firm\" href=\"http:\/\/www.cpamorey.com\/\" target=\"_blank\">Los Angeles<\/a> and Orange County. \u00a0For additional expertise, we provide boutique services for <a title=\"CPA Accountants for Dentists - Dental\" href=\"http:\/\/www.doctorscpafirm.com\/\" target=\"_blank\">dentists<\/a>, <a title=\"CPA Accountants for Doctors Practice \" href=\"http:\/\/www.doctorscpafirm.com\/\" target=\"_blank\">doctors<\/a>,\u00a0<a title=\"Real Estate CPA Accountants - Los Angeles \" href=\"http:\/\/www.realestatecpafirm.com\/\" target=\"_blank\">real estate accounting<\/a> and <a title=\"High Net Worth CPA Accountants\" href=\"http:\/\/www.cpamorey.com\/high-net-worth-wealth-management.htm\" target=\"_blank\">high net worth accounting<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have a foreign bank account that has not been reported to the IRS, then you could be facing serious civil penalties and even criminal penalties. These penalties fall under the Foreign Bank Account Report, FBAR violations. To illustrate, the IRS Dirty Dozen tax scam list for 2016 clearly illustrates the emphasis placed upon [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts\/217"}],"collection":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/comments?post=217"}],"version-history":[{"count":1,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts\/217\/revisions"}],"predecessor-version":[{"id":219,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts\/217\/revisions\/219"}],"wp:attachment":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/media?parent=217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/categories?post=217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/tags?post=217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}