If you were able to attend the webinar, "What Happens Off-Shore, Stays Off-Shore - NOT" I hope you found it informative.
If you were unable to attend, a recording of the webinar can be found on the Brager Tax Law Group website. To access the webinar, click on the link below or copy and paste the URL into your browser:
In the webinar, I discuss the impact of failing to file a Report of Foreign Bank and Financial Accounts (FBAR) for off-shore accounts, penalties that include up to 5 years in jail and a $250,000 fine.
I also review popular FBAR disclosure myths, including admissions to your CPA, ownership of foreign stocks, and foreign life insurance policy holders.
I'd like to congratulate the winners of our FBAR Contest, which ran over a four-week period in which we released four questions about FBARS for contestants to answer online and through the Brager Tax Law Group mobile app. Rebecca Leone from H&R Block and Shivkishan Kothari of Gunbiner Savett Inc. will both receive Visa gifts cards worth $100. Thanks to all those who participated.
Please do not hesitate to contact me if you have any questions.