Computershare company ESOP & FBAR

Mach7 · Post by **Mach7** » Mon Dec 12, 2011 9:45 am

Does a companies ESOP (employee share ownership program) that is managed my Computershare in Toronto, have to be listed on FBAR?

Mach7 · Post by **Mach7** » Mon Dec 12, 2011 10:42 am

I should point out that computershare is a 'trust'....but the funds are held in the company, they just manage them

nelsona · Post by **nelsona** » Mon Dec 12, 2011 11:42 am

They should be reported in FBAR, IF you control your account.

Mach7 · Post by **Mach7** » Mon Dec 12, 2011 1:57 pm

ok, next question....how receptive would they be if I send in 6 years of amendments when I just sent the 6 year FBAR package in 3 weeks ago.

I am thinking to just put it on the FBAR for 2011 going forward....

ALso, can they penalize me 10k for an account that only has 87 dollars in it?

nelsona · Post by **nelsona** » Mon Dec 12, 2011 2:59 pm

They can penalize you for any acount you failed to report.