If you are a U.S. person (including citizens, green card holders, and resident Visa holders) and have an unreported foreign bank account, you may need help navigating through the Offshore Voluntary Disclosure Program (OVDP). If you have received a letter from your foreign bank, the time to act is now. Amnesty programs are available, but they may end at any time. This website will help you understand if you need to complete a Report of Foreign Bank and Financial Accounts or FBAR.
Note: The FBAR deadline for 2016 has changed to April 15, 2017, the same filing deadline for your federal income tax return. Note, the deadline for 2015 reports remains at June 30, 2016. Unlike years prior, you will be able to file a form to receive an automatic six-month extension to October 15, 2017. Specific guidance on the exact details of the extension form has not been released yet. The FBAR will continue to be filed separately from your tax return, even though the deadlines will now coincide.
Our team of offshore voluntary disclosure lawyers has successfully navigated the program since its inception. Whatever your particular problem is, we will work toward a solution, always keeping efficiency and resolution speed in mind.
If you have an unreported foreign bank account, especially if you have received a letter from your foreign bank, contact us for a free consultation to determine your options. Our lawyers have had incredible success with this program and will help you find the amnesty program that works for you.