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June 1, 2016
All U.S. Citizens and Resident Aliens with an interest or signature or other authority over foreign financial accounts, whose total value exceeded $10,000 at any time during 2015, must file electronically with the Treasury Department a Financial Crimes Enforcement Network (finCen) Form 114 [Report of Foreign Bank and Financial Accounts (FBAR)] by June 30, 2016.
If you think you may have an account requiring disclosure please contact our office. The penalties for non-compliance are substantial and can include criminal charges. Sincerely,
Bill and Chad Fenstermacher
Fenstermacher & Company, LLP
Delaware:
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