Late filing can result in significant penalties, but you can mitigate these by demonstrating genuine reasonable cause for the delay.
What happens if you file the FBAR late?
Share This Story, Choose Your Platform!
About the Author: Trevor Hannah
Petrova Law PLLC provides legal advice and representation for clients in Greensboro, North Carolina, and communities throughout the Piedmont Triad and Triangle areas, the Research Triangle Park, Alamance County, Forsyth County, Guilford County, Orange County, Wake County, Mecklenburg County, Davidson County, Chatham County, Cabarrus County, Rockingham County and Rowan County, including the cities of Greensboro, Winston-Salem, High Point, Raleigh, Charlotte, Concord, Burlington, Lexington, Chapel Hill and Durham.