2015 FBAR Filings A Necessity As Eastern European Countries Sign FATCA

2015 FBAR filings are more of a necessity than ever before. On March 18, 2015, Belarus signed the FATCA agreement, hosting a signing ceremony with the United States at the Belarusian Foreign ministry. The international tax team at the Tax Resolution Institute points out that resistance by the Easter European countries to the U.S. Foreign Account Tax Compliance Act (FATCA) is evaporating as more and more former Warsaw Bloc states come on board. Given the change with these international FATCA resistant zones vanishing, 2015 FBAR filings with the IRS have become a necessity to avoid penalties. 2015 FBAR Filings A [...]