What Are the Risks Associated with Quiet Disclosures? FBAR – Report of Foreign Bank and Financial Accounts

“In the wake of UBS, the IRS has begun criminally charging individual taxpayers with having unreported accounts. Inevitably, when someone gets indicted and arrested, a big media pitch follows. The IRS is better at managing the media than any other government agency. People are afraid of the IRS.” … More What Are the Risks Associated with Quiet Disclosures? FBAR – Report of Foreign Bank and Financial Accounts