Why Can I File Past Years Taxes Online: Difference between revisions

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Latest revision as of 09:54, 23 January 2025

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In 2011, the IRS in conjunction with Congress, smart idea to possess a more rigorous disclosure policy on foreign incomes which includes a new FBAR form that requires more detailed disclosure data. However, the IRS is yet to secrete this new FBAR contour. There is also an amnesty in place until August 31st 2011 for taxpayers who don't fill form FBAR in past years. Conscientious decisions not to ever fill the FBAR form will result a punitive charge of $100,000 or 50% with the value in foreign be the cause of the year not said they have experienced.

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