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Fried & Rosefelt, LLC

  • FBAR Lawyer | 301-656-8525 | Fried & Rosefelt Washington DC Metro

    472 views 1 year ago
    FBAR - PART I - Michael Fried of Fried & Rosefelt
    http://FriedLaw.com Fried & Rosefelt, LLC understands the language of business and the language of tax. We know that every client has a different goal, a different circumstance, and a different problem. At Fried & Rosefelt, we help you find the right solution for your particular goal and your particular problem.

    TRANSCRIPT:
    Hi. I'm Michael Fried of Fried and Rosefelt.
    I want to tell you a little bit about the FBAR.

    The report of foreign bank and financial accounts. The #FBAR used to be TDF Form 90.22-1. It's now FinCEN 114.

    But whatever form number, it's the #FBAR and it's the stick the IRS uses to force tax payers into compliance with reporting their foreign bank accounts.

    The FBAR is not a tax return. It's a form that you file with the treasury, with FinCEN to report your foreign bank account.

    Although the #FBAR was not really enforced until about 8 or 9 years ago, when it is enforced, it comes with a very large penalty. A non-willful failure to file an FBAR can result in a $10,000 penalty per account and per year. If the IRS determines that you have a willful penalty, the penalty is substantial. The penalty is the greater of 50% of the amount in your account or $100,000 per year per violation.

    I want to give you a little example. If you have $200,000 in account for the last 6 years, you can face a willful failure to file an FBAR penalty of $100,000 per year or a total penalty of $600,000 on an account that never had more than $200,000 in it.

    So if you think I can help, I'm pretty sure I can. Please give me a call.
    Thank you for listening.




    Fried & Rosefelt, LLC
    The Air Rights Center - West Tower
    7315 Wisconsin Avenue, Suite 925
    Bethesda, Maryland 20814

    CALL:
    Phone: (301) 656-4424
    For a CONFIDENTIAL Consultation
    Fax: (301) 656-8528

    http://FriedLaw.com
    https://www.facebook.com/DC...
    @FriedRosefelt on Twitter.com

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  • DC Tax Lawyer 301-656-8525 Fried & Rosefelt, LLC Play all

    We solve serious tax and financial problems -- Trusted Financial & Tax Resolution Attorneys

    Fried & Rosefelt, LLC, is a Bethesda, Maryland-based firm with a national practice representing clients with serious tax problems and financial concerns. The firm is located only a few miles from downtown Washington, D.C., home of the Internal Revenue Service (IRS) national headquarters and United States Tax Court, and our tax lawyers regularly represent individual and business taxpayers in those forums. Members of the firm also regularly represent clients in many other courts and agencies.

    The tax attorneys and other experienced tax problem resolution professionals at Fried & Rosefelt, LLC use a multi-disciplinary team approach to find a comprehensive solution for each client's tax problems and financial challenges.


    We solve serious tax problems and complex financial issues. We are both real tax lawyers and real bankruptcy lawyers.
    Clients often come to Fried & Rosefelt, LLC facing complex tax problems and financial issues that may jeopardize the preservation of their financial and personal assets. Business clients are often at risk of losing their company's financial assets, good will and customer relationships. Individual clients commonly face the potential loss of their house, their savings, and even their income. These risks can arise from a variety

    At Fried & Rosefelt, LLC, our knowledgeable and experienced attorneys successfully represent clients under IRS audit Let a Washington DC Metro tax attorney at Fried & Rosefelt, LLC manage the stress of dealing with the IRS, protect your rights and interests, and aggressively defend your positions.

    For a Strategy Session to learn your rights and options, or to learn more about how a Washington DC Metro tax attorney at Fried & Rosefelt can help you with your tax and legal issues, contact us NOW:
    Fried & Rosefelt, LLC
    The Air Rights Center - West Tower
    7315 Wisconsin Avenue, Suite 925
    Bethesda, Maryland 20814
    Phone: (301) 656-4424
    Fax: (301) 656-8528

    http://FriedLaw.com
    https://www.facebook.com/DC...
    @FriedRosefelt

    FBAR IRS AUDIT OVDP OVDI
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  • IN THE NEWS

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    • Bloomberg Business - Channel

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  • Tax Tips from the IRS Play all

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  • Fried & Rosefelt LLC - U.S. & International Tax & Tax Controversy Lawyers Play all

    We solve serious tax and financial problems -- Trusted Financial & Tax Resolution Attorneys

    Fried & Rosefelt, LLC, is a Bethesda, Maryland-based firm with a national practice representing clients with serious tax problems and financial concerns. The firm is located only a few miles from downtown Washington, D.C., home of the Internal Revenue Service (IRS) national headquarters and United States Tax Court, and our tax lawyers regularly represent individual and business taxpayers in those forums. Members of the firm also regularly represent clients in many other courts and agencies.

    The tax attorneys and other experienced tax problem resolution professionals at Fried & Rosefelt, LLC use a multi-disciplinary team approach to find a comprehensive solution for each client's tax problems and financial challenges.


    We solve serious tax problems and complex financial issues. We are both real tax lawyers and real bankruptcy lawyers.
    Clients often come to Fried & Rosefelt, LLC facing complex tax problems and financial issues that may jeopardize the preservation of their financial and personal assets. Business clients are often at risk of losing their company's financial assets, good will and customer relationships. Individual clients commonly face the potential loss of their house, their savings, and even their income. These risks can arise from a variety

    At Fried & Rosefelt, LLC, our knowledgeable and experienced attorneys successfully represent clients under IRS audit Let a Washington DC Metro tax attorney at Fried & Rosefelt, LLC manage the stress of dealing with the IRS, protect your rights and interests, and aggressively defend your positions.

    For a Strategy Session to learn your rights and options, or to learn more about how a Washington DC Metro tax attorney at Fried & Rosefelt can help you with your tax and legal issues, contact us NOW:
    Fried & Rosefelt, LLC
    The Air Rights Center - West Tower
    7315 Wisconsin Avenue, Suite 925
    Bethesda, Maryland 20814
    Phone: (301) 656-4424
    Fax: (301) 656-8528

    http://FriedLaw.com
    https://www.facebook.com/DC...
    @FriedRosefelt

    FBAR IRS AUDIT OVDP OVDI
    This item has been hidden
  • TAX PAYER ADVOCATE Play all

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  • CALL 301-656-4424 to Learn More - Fried & Rosefelt TAX ATTORNEYS Play all

    We solve serious tax and financial problems -- Trusted Financial & Tax Resolution Attorneys

    Fried & Rosefelt, LLC, is a Bethesda, Maryland-based firm with a national practice representing clients with serious tax problems and financial concerns. The firm is located only a few miles from downtown Washington, D.C., home of the Internal Revenue Service (IRS) national headquarters and United States Tax Court, and our tax lawyers regularly represent individual and business taxpayers in those forums. Members of the firm also regularly represent clients in many other courts and agencies.

    The tax attorneys and other experienced tax problem resolution professionals at Fried & Rosefelt, LLC use a multi-disciplinary team approach to find a comprehensive solution for each client's tax problems and financial challenges.


    We solve serious tax problems and complex financial issues. We are both real tax lawyers and real bankruptcy lawyers.
    Clients often come to Fried & Rosefelt, LLC facing complex tax problems and financial issues that may jeopardize the preservation of their financial and personal assets. Business clients are often at risk of losing their company's financial assets, good will and customer relationships. Individual clients commonly face the potential loss of their house, their savings, and even their income. These risks can arise from a variety

    At Fried & Rosefelt, LLC, our knowledgeable and experienced attorneys successfully represent clients under IRS audit Let a Washington DC Metro tax attorney at Fried & Rosefelt, LLC manage the stress of dealing with the IRS, protect your rights and interests, and aggressively defend your positions.

    For a Strategy Session to learn your rights and options, or to learn more about how a Washington DC Metro tax attorney at Fried & Rosefelt can help you with your tax and legal issues, contact us NOW:
    Fried & Rosefelt, LLC
    The Air Rights Center - West Tower
    7315 Wisconsin Avenue, Suite 925
    Bethesda, Maryland 20814
    Phone: (301) 656-4424
    Fax: (301) 656-8528

    http://FriedLaw.com
    https://www.facebook.com/DC...
    @FriedRosefelt

    FBAR IRS AUDIT OVDP OVDI
    This item has been hidden
  • FBAR Lawyer Washington DC US + INTERNATIONAL Fried & Roseflet Play all

    We solve serious tax and financial problems -- Trusted Financial & Tax Resolution Attorneys

    Fried & Rosefelt, LLC, is a Bethesda, Maryland-based firm with a national practice representing clients with serious tax problems and financial concerns. The firm is located only a few miles from downtown Washington, D.C., home of the Internal Revenue Service (IRS) national headquarters and United States Tax Court, and our tax lawyers regularly represent individual and business taxpayers in those forums. Members of the firm also regularly represent clients in many other courts and agencies.

    The tax attorneys and other experienced tax problem resolution professionals at Fried & Rosefelt, LLC use a multi-disciplinary team approach to find a comprehensive solution for each client's tax problems and financial challenges.


    We solve serious tax problems and complex financial issues. We are both real tax lawyers and real bankruptcy lawyers.
    Clients often come to Fried & Rosefelt, LLC facing complex tax problems and financial issues that may jeopardize the preservation of their financial and personal assets. Business clients are often at risk of losing their company's financial assets, good will and customer relationships. Individual clients commonly face the potential loss of their house, their savings, and even their income. These risks can arise from a variety

    At Fried & Rosefelt, LLC, our knowledgeable and experienced attorneys successfully represent clients under IRS audit Let a Washington DC Metro tax attorney at Fried & Rosefelt, LLC manage the stress of dealing with the IRS, protect your rights and interests, and aggressively defend your positions.

    For a Strategy Session to learn your rights and options, or to learn more about how a Washington DC Metro tax attorney at Fried & Rosefelt can help you with your tax and legal issues, contact us NOW:
    Fried & Rosefelt, LLC
    The Air Rights Center - West Tower
    7315 Wisconsin Avenue, Suite 925
    Bethesda, Maryland 20814
    Phone: (301) 656-4424
    Fax: (301) 656-8528

    http://FriedLaw.com
    https://www.facebook.com/DC...
    @FriedRosefelt

    FBAR IRS AUDIT OVDP OVDI
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  • Tax Evasion in the NEWS - If you have these concerns call us: Toll Free: 855.667.4424 International: 00+1+301.656.8525 Play all

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