FAQ #18

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LisaS
Posts: 8
Joined: Tue Feb 11, 2014 7:22 pm
Location: North Carolina

FAQ #18

Post by LisaS »

Hi All,

I've read on a few other sites that FAQ #18 (no penalties for missing 3520 or 5471 if all income was reported) will also apply to other informational forms. Has anyone heard anything about this? If it does not apply, it seems as though people who filed fbars and reported all their income will be in limbo - they don't qualify for OVDI and may end up paying massive penalties even though the income was reported.
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