🚨 IRS Raises FBAR Penalties to $10,000+ – Foreign Account Holders Must Act NOW! 💰⚠️ скачать в хорошем качестве

🚨 IRS Raises FBAR Penalties to $10,000+ – Foreign Account Holders Must Act NOW! 💰⚠️

#IRSUpdate #FBAR #TaxAlert #ImmigrationNews #USTaxes If you’re living in the United States — whether as a green card holder, naturalized citizen, visa holder, or in the process of adjusting your status — and you have financial accounts overseas, this urgent IRS update could directly affect you. The IRS has officially increased penalties for failing to properly report foreign bank accounts and international financial assets. Under the updated enforcement rules, individuals who fail to file an FBAR (Foreign Bank Account Report) could face penalties of up to $10,000 per non-willful violation — and for willful violations, penalties can reach the greater of $100,000 or 50% of the account balance per violation. This is not just about millionaires or secret offshore accounts. This applies to everyday immigrants, retirees, students, and families who maintain savings accounts, fixed deposits, brokerage accounts, pensions, or investments in their home country. In this video, we break down: • What FBAR is and who must file it • What Form 8938 is and how it differs from FBAR • The $10,000 reporting threshold explained • Updated IRS penalty rules for 2026 • Who is most at risk (green card holders, naturalized citizens, dual nationals) • Real-life examples of how immigrants can unknowingly violate IRS rules • How to use the IRS Streamlined Filing Compliance Procedures • Steps you can take right now to avoid penalties Many immigrants don’t realize that even inactive foreign accounts must be reported if the combined balance exceeds $10,000 at any point during the year. The IRS receives financial data through international agreements, and enforcement has increased significantly. If you have: – A savings account in your home country – Foreign retirement or pension accounts – Overseas brokerage or investment accounts – Signature authority over a family member’s foreign account – Rental property income abroad You may be required to file an FBAR and possibly Form 8938 with your U.S. tax return. Failing to report these accounts — even unintentionally — can result in serious financial penalties. However, the IRS does offer streamlined filing procedures for taxpayers who voluntarily correct past mistakes before enforcement action begins. Immigration status can also be impacted by serious tax non-compliance issues, which makes staying informed even more critical. This video from Immigration News Today explains everything clearly so you can protect your finances, stay compliant with U.S. tax law, and avoid costly mistakes. Always consult a qualified tax professional for personalized advice. Information is accurate as of the date of publication and intended for general informational purposes only. #FBAR2026 #ForeignAccounts #GreenCardHolder #TaxCompliance #USImmigration #IRSpenalties #Form8938 #ImmigrantFinance #TaxNews #FinancialReporting