itonewbie
Level 15
01-16-2024
05:07 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Discretionary filing of FBAR on FinCEN for older returns would be the way to go but including any kind of statement with the filing would not help mitigate the penalty exposure.
Particularly with the investment account, watch out for PFIC, as that will be another can of worms.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar