Queen Anne's County; Queen Anne's County Area Agency on Aging; Queen Anne's County Free Library; Town Of Centreville
The FBAR must be filed with the Treasury Department (it is not filed with your your federal income tax return) whenever you meet the FBAR filing requirements, which in a nutshell is whenever a U.S. person has a financial interest in, or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, ...
Penalties for Nondisclosure. Itâs important to be aware that there are serious penalties for failure to disclose foreign assets or comply with other applicable reporting requirements. If you fail to file an FBAR when required to do so, you could be subject to both civil and criminal penalties.