What penalties do I face?

By November 8, 2018

While many people are familiar with the penalties associated with non-disclosure of foreign bank and financial accounts, it is important to be aware of other types of penalties. Failure to file your U.S. tax on time can result in the loss of some of the tax benefits available to American expats. Also there are additional IRS forms that must be filed specifically, for which penalties start at $10,000 and go up from there.

Aaron Fernandes

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