A set of delinquent FBARs all arriving at the Detroit Computer Center might provoke a penalty examination with the attendant risks of criminal prosecution. Under the instructions issued October 1, 2008, amended or delinquent FBARs are required to include a statement explaining why the forms are amended or why they were filed late. There are rumors that the IRS has in place at the Detroit Center a mechanism to capture any “old year” FBARs that may be filed.
Contact my office to schedule a reduced rate initial consultation to discuss your FBAR and voluntary disclosure concerns and how I can be of assistance. When you call, you will speak directly to me, not a paralegal or assistant, to get the experienced answers you need.