FBAR Criminal Penalties

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Hello and welcome to Sherayzen Law Office Video Blog. My name is Eugene Sherayzen and I’m an International Tax Attorney and owner of Sherayzen Law Office, Ltd.

We’re continuing a series of blogs from the Czech Republic, Prague. Today I would like to talk more about FBAR Penalties. In a recent blog, I described the Civil FBAR Penalties and today I would like to answer a question that worries a lot of US Taxpayers with Undisclosed Foreign Accounts, including foreign accounts in the Czech Republic.

Can FBAR Penalties be Criminal? The answer unfortunately, is Yes. The FBAR Penalties in grave situations may carry a sentence of up to five years in prison and if the FBAR Penalties are combined with noncompliance with other US Tax Laws then the potential sentence can be increased to up to ten years in prison.

If you would like to learn more about FBAR Criminal Penalties and how to avoid them, go on my website: Sherayzenlaw.com or contact me directly at (952) 500-8159 or email me at: [email protected].

Thank you for watching, until the next time.

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FBAR Criminal Penalties
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FBAR Criminal Penalties
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Eugene Sherayzen, Esq. continues his series of video blog recordings in Prague, Czech Republic concerning international tax issues. Today, he answers the question that worries a lot of US tax payers with undisclosed foreign accounts: can FBAR penalties be criminal?
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Sherayzen Law Office, Ltd.
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