FBAR penalties

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Mach7
Posts: 166
Joined: Sun Dec 11, 2011 3:19 pm

FBAR penalties

Post by Mach7 »

I know that the penalty for non-wilfull filing for an account is 10k.

My question is, is the penalty 10k even if the value of the account is below 10k?
nelsona
Posts: 18681
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Does it really matter? Its a crime. File the form.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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