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IRS FBAR Reporting Notes and Caution Regarding Streamlined Application Filings

Recently released IRS FBAR reporting notes detailed some interesting facts regarding FBAR filings since the program's inception in 2007.  In 2007 the IRS received 332,000 FBARs compared to more than 1 million FBAR reports for tax year 2015.  The IRS noted it has charged hundreds with tax evasion and willful...