Canadian Citizen back in Canada, FBAR

[Vancouver2014]

No excuse. I should have taken a proactive role in my finances and left my controlling husband sooner. He kept a lot of information from me, I should probably sue him. In any case, I guess I'm confused over the seriousness of this FBAR filing when my US accountant doesn't seem too concerned. And the confusion too about FBAR. It's merely a report and one that can be filed online so why is it costing thousands to fix? People are using the streamlined service and reporting no problems, no penalties , no nothing. It just seems that I'm reading too many varying accounts of what could go wrong. In any case, thank you for your time.

[nelsona]

Again. YOU are NOT eligible for streamlined process, because you were living in the US, had income to report and owed tax. So you must participate in OVDI.

Check the fines on FBAR. Then you will know the reason why you should worry about THIS.

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