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2023 FBAR Deadline in 2024 | FinCEN Form 114 International Tax Lawyer & Attorney

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The 2023 FBAR deadline is a critical deadline for US taxpayers this calendar year 2024. What makes FBAR so important are the draconian FBAR penalties which may be imposed on noncompliant taxpayers. Let’s discuss the 2023 FBAR deadline in more detail.

2023 FBAR Deadline: Background Information

The official name of FBAR is FinCEN Form 114, the Report of Foreign Bank and Financial Accounts. US Persons must file FBAR if they have a financial interest in or signatory or any other authority over foreign financial accounts if the highest aggregate value of these accounts is in excess of $10,000. FBARs must be timely e-filed separately from federal tax returns.

Failure to file an FBAR may result in the imposition of heavy FBAR penalties. The FBAR penalties vary from criminal penalties and willful penalties to non-willful penalties. You can find more details about FBAR penalties in this article.

2023 FBAR Deadline: Pre-2016 FBAR Deadline

For the years preceding 2016, US persons needed to file FBARs by June 30 of each year. For example, the 2013 FBAR was due on June 30, 2014. No filing extensions were allowed. The last FBAR that followed the June 30 deadline was the 2015 FBAR; its due date was June 30, 2016. .

2023 FBAR Deadline: Changes to FBAR Deadline Starting with the 2016 FBAR

For many years, the strange FBAR filing rules greatly confused US taxpayers. First of all, it was difficult to learn about the existence of the form. Second, many taxpayers simply missed the unusual FBAR filing deadline.

The US Congress took action in 2015 to alleviate this problem. As it usually happens, it did so when it passed a law that, on its surface, had nothing to do with FBARs. The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the “Act”) changed the FBAR deadline starting with the 2016 FBAR. Section 2006(b)(11) of the Act requires the FBARs to be filed by the due date of that year’s tax return (i.e. usually April 15), not June 30.

Furthermore, the IRS granted to US taxpayers an automatic extension of the FBAR filing deadline to October 15. For now, taxpayers do not need to make any specific requests in order for an extension to be granted.

Thus, starting with the 2016 FBAR, the Act adjusted the FBAR due date to coincide with the federal income tax filing deadlines. This is the case even if federal law requires a different filing date. For example, in situations where the tax return due date falls on a Saturday, Sunday, or legal holiday, the IRS must delay the due date until the next business day; the FBAR deadline will follow suit and also shift to the next business day.

2023 FBAR Deadline

Based on the current law, for the vast majority of filers, the 2023 FBAR deadline will be April 15, 2024. However, the deadline is automatically extended to October 15, 2024.

The 2023 FBAR must be e-filed through the US Financial Crimes Enforcement Network’s (FinCEN) BSA E-filing system.

Contact Sherayzen Law Office for Professional Help With Your FBAR Compliance

If you have unreported foreign accounts, contact Sherayzen Law Office as soon as possible. Sherayzen Law Office is a leader in US international tax compliance and offshore voluntary disclosures. We have successfully helped hundreds of US taxpayers around the globe with their FBAR compliance and FBAR voluntary disclosures; and we can help you!

Contact Us Today to Schedule Your Confidential Consultation!

2022 FBAR Conversion Rates | FBAR Tax Lawyer & Attorney

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The 2022 FBAR conversion rates are very important for your US international tax compliance. The reason for their importance is their relation to FBAR (FinCEN Form 114) and the IRS Form 8938. The 2022 FBAR and 2022 Form 8938 instructions both require that 2022 FBAR conversion rates be used to report the required highest balances of foreign financial assets on these forms (in the case of Form 8938, the 2022 FBAR conversion rates is the default choice, not an exclusive one). In other words, the 2022 FBAR conversion rates are used to translate foreign-currency highest balances into US dollars for the purposes of FBAR and Form 8938 compliance.

The U.S. Department of Treasury  already published the 2022 FBAR conversion rates online (they are called “Treasury’s Financial Management Service rates” or the “FMS rates”).

Since the 2022 FBAR conversion rates are highly important to US taxpayers, international tax lawyers and international tax accountants, Sherayzen Law Office provides the table below listing the official 2022 FBAR conversion rates (note that the readers still need to refer to the official website for any updates).

Country – Currency Foreign Currency to $1.00
AFGHANISTAN – AFGHANI89.11
ALBANIA – LEK106.5
ALGERIA – DINAR136.467
ANGOLA – KWANZA503.65
ANTIGUA – BARBUDA – E. CARIBBEAN DOLLAR2.7000
ARGENTINA – PESO183
ARMENIA – DRAM400
AUSTRALIA – DOLLAR1.471
AUSTRIA – EURO0.936
AZERBAIJAN – NEW MANAT1.7
BAHAMAS – DOLLAR1.0000
BAHRAIN – DINAR0.3770
BANGLADESH – TAKA105
BARBADOS – DOLLAR2.02
BELARUS – NEW RUBLE2.518
BELGIUM – EURO0.936
BELIZE – DOLLAR2
BENIN – CFA FRANC 614.84
BERMUDA – DOLLAR1
BOLIVIA – BOLIVIANO6.86
BOSNIA – MARKA1.83
BOTSWANA – PULA12.739
BRAZIL – REAL5.286
BRUNEI – DOLLAR1.34
BULGARIA – LEV New1.83
BURKINA FASO – CFA FRANC614.84
BURMA – KYAT2100
BURUNDI – FRANC2045.3
CAMBODIA – RIEL4051
CAMEROON – CFA FRANC613.79
CANADA – DOLLAR1.354
CAPE VERDE – ESCUDO103.16
CAYMAN ISLANDS – DOLLAR0.82
CENTRAL AFRICAN REPUBLIC – CFA FRANC613.79
CHAD – CFA FRANC613.79
CHILE – PESO851.5
CHINA – RENMINBI6.897
COLOMBIA – PESO4845.83
COMOROS – FRANC461.6
CONGO – CFA FRANC613.79
COSTA RICA – COLON591.36
COTE D’IVOIRE – CFA FRANC614.84
CROATIA – KUNA6.87
CROATIA – EURO0.936*
CUBA – Chavito1
CYPRUS – EURO0.936
CZECH REPUBLIC – KORUNA22.102
DEM. REP. OF CONGO – FRANC2012
DENMARK – KRONE6.959
DJIBOUTI – FRANC177
DOMINICAN REPUBLIC – PESO55.72
ECUADOR – DOLARES1.0000
EGYPT – POUND24.74**
EGYPT – POUND29.5**
EL SALVADOR – DOLARES1.0000
EQUATORIAL GUINEA – CFA FRANC613.79
ERITREA – NAKFA15
ESTONIA – EURO0.936
ETHIOPIA – BIRR53.339
EURO ZONE – EURO0.936
FIJI – DOLLAR2.176
FINLAND – EURO0.936
FRANCE – EURO0.936
GABON – CFA FRANC613.79
GAMBIA – DALASI61
GEORGIA – LARI2.665
GERMANY – EURO0.936
GHANA – CEDI9.8***
GHANA – CEDI11.5***
GREECE – EURO0.936
GRENADA – EAST CARIBBEAN DOLLAR2.7
GUATEMALA – QUETZAL7.84
GUINEA – FRANC8554
GUINEA BISSAU – CFA FRANC614.84
GUYANA – DOLLAR215
HAITI – GOURDE145
HONDURAS – LEMPIRA24.552
HONG KONG – DOLLAR7.797
HUNGARY – FORINT374.63
ICELAND – KRONA141.61
INDIA – RUPEE82.599
INDONESIA – RUPIAH15528.42
IRAN – RIAL42000
IRAQ – DINAR1458.53
IRELAND – EURO0.936
ISRAEL – SHEKEL3.518
ITALY – EURO0.936
JAMAICA – DOLLAR150
JAPAN – YEN131.83
JORDAN – DINAR0.708
KAZAKHSTAN – TENGE462.54
KENYA – SHILLING123.25
KOREA – WON1252.61
KOSOVO – EURO0.936
KUWAIT – DINAR0.306
KYRGYZSTAN – SOM85.68
LAOS – KIP17217
LATVIA – EURO0.936
LEBANON – POUND1500
LESOTHO – MALOTI16.948
LIBERIA – DOLLAR153.5
LIBYA – DINAR4.817
LITHUANIA – EURO0.936
LUXEMBOURG – EURO0.936
MADAGASCAR – ARIARY4360
MALAWI – KWACHA1035.49
MALAYSIA – RINGGIT4.4
MALDIVES – RUFIYAA15.42
MALI – CFA FRANC614.84
MALTA – EURO0.936
MARSHALL ISLANDS – DOLLAR1
MAURITANIA – OUGUIYA37
MAURITIUS – RUPEE43.85
MEXICO – PESO19.546
MICRONESIA – DOLLAR1
MOLDOVA – LEU19.08
MONGOLIA – TUGRIK3443.37
MONTENEGRO – EURO0.936
MOROCCO – DIRHAM10.48
MOZAMBIQUE – METICAL 63.24
NAMIBIA – DOLLAR16.948
NEPAL – RUPEE132.25
NETHERLANDS – EURO0.936
NETHERLANDS ANTILLES – GUILDER1.78
NEW ZEALAND – DOLLAR1.575
NICARAGUA – CORDOBA36.15
NIGER – CFA FRANC614.84
NIGERIA – NAIRA440
NORWAY – KRONE9.831
OMAN – RIAL0.385
PAKISTAN – RUPEE226.4
PANAMA – BALBOANot Listed
PANAMA – DOLARES1
PAPUA NEW GUINEA – KINA3.431
PARAGUAY – GUARANI7309.61
PERU – SOL3.786
PHILIPPINES – PESO55.606
POLAND – ZLOTY4.38
PORTUGAL – EURO0.936
QATAR – RIYAL3.64
REP. OF N MACEDONIA – DINAR57.56
REPUBLIC OF PALAU – DOLLAR1
ROMANIA – NEW LEU 4.627
RUSSIA – RUBLE71.481
RWANDA – FRANC1060
SAO TOME & PRINCIPE – NEW DOBRAS23.062
SAUDI ARABIA – RIYAL3.75
SENEGAL – CFA FRANC614.84
SERBIA – DINAR109.69
SEYCHELLES – RUPEE12.87
SIERRA LEONE – LEONE18.8
SINGAPORE – DOLLAR1.34
SLOVAK REPUBLIC – EURO0.936
SLOVENIA – EURO0.936
SOLOMON ISLANDS – DOLLAR7.949
SOMALI – SHILLING565
SOUTH AFRICA – RAND16.948
SOUTH SUDANESE – POUND669
SPAIN – EURO0.936
SRI LANKA – RUPEE363
ST LUCIA – E CARIBBEAN DOLLAR2.7
SUDAN – SUDANESE POUND576
SURINAME – GUILDER31.714
SWAZILAND – LANGENI16.948
SWEDEN – KRONA10.386
SWITZERLAND – FRANC0.923
SYRIA – POUND2510
TAIWAN – DOLLAR30.648
TAJIKISTAN – SOMONI10.16
TANZANIA – SHILLING2329
THAILAND – BAHT34.52
TIMOR – LESTE DILI1
TOGO – CFA FRANC614.84
TONGA – PA’ANGA2.261
TRINIDAD & TOBAGO – DOLLAR6.765
TUNISIA – DINAR3.094
TURKEY – NEW LIRA18.711
TURKMENISTAN – NEW MANAT3.491
UGANDA – SHILLING3715
UKRAINE – HRYVNIA36.569
UNITED ARAB EMIRATES – DIRHAM3.673
UNITED KINGDOM – POUND STERLING0.83
URUGUAY – PESO39.95
UZBEKISTAN – SOM11224.32
VANUATU – VATU119.9
VENEZUELA – BOLIVAR SOBERANO17.236****
VENEZUELA – BOLIVAR SOBERANO19.23****
VENEZUELA – FUERTE (OLD)248832
VIETNAM – DONG23610
WESTERN SAMOA – TALA2.607
YEMEN – RIAL580
ZAMBIA – NEW KWACHA 18.1
ZIMBABWE – RTGS654.66

*Note #1: the official exchange rate for Euro on December 31, 2022 was 0.936; however, with respect to Croatia the Department of the Treasury lists 0.925. We believe that this is a mistake. Please, consult the Department of the Treasury for clarification.

**Note #2: the Treasury Department lists two alternative rates for the Egyptian Pound without clarification which rate should be used for FBAR and Form 8938. We believe that the second rate is correct as it more properly reflects the conversion rate at that time. However, if you wish to follow the safest route, you can use 24.74 conversion rate. Please, consult the Department of the Treasury for clarification.

***Note #3: the Treasury Department lists two alternative rates for the Ghanan Cedi without clarification which rate should be used for FBAR and Form 8938. We believe that the second rate is correct as it more properly reflects the conversion rate at that time. However, if you wish to follow the safest route, you can use 9.8 conversion rate. Please, consult the Department of the Treasury for clarification.

****Note #4: the Treasury Department lists two alternative rates for the Venezuelan Bolivar Soberano without clarification which rate should be used for FBAR and Form 8938. We believe that the second rate is correct as it more properly reflects the conversion rate at that time. However, if you wish to follow the safest route, you can use 17.236 conversion rate. Please, consult the Department of the Treasury for clarification.

2021 FBAR Deadline in 2022 | FinCEN Form 114 International Tax Lawyer & Attorney

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The 2021 FBAR deadline is a critical deadline for US taxpayers this calendar year 2022. What makes FBAR so important are the draconian FBAR penalties which may be imposed on noncompliant taxpayers. Let’s discuss the 2021 FBAR deadline in more detail.

2021 FBAR Deadline: Background Information

The official name of FBAR is FinCEN Form 114, the Report of Foreign Bank and Financial Accounts. US Persons must file FBAR if they have a financial interest in or signatory or any other authority over foreign financial accounts if the highest aggregate value of these accounts is in excess of $10,000. FBARs must be timely e-filed separately from federal tax returns.

Failure to file an FBAR may result in the imposition of heavy FBAR penalties. The FBAR penalties vary from criminal penalties and willful penalties to non-willful penalties. You can find more details about FBAR penalties in this article.

2021 FBAR Deadline: Pre-2016 FBAR Deadline

For the years preceding 2016, US persons needed to file FBARs by June 30 of each year. For example, the 2013 FBAR was due on June 30, 2014. No filing extensions were allowed.

The last FBAR that followed the June 30 deadline was the 2015 FBAR; its due date was June 30, 2016. Due to the six-year FBAR statute of limitations, however, it is important to remember this history for the purpose of offshore voluntary disclosures and IRS FBAR audits. The 2015 FBAR’s statute of limitations will expire only this year – on June 30, 2022.

2021 FBAR Deadline: Changes to FBAR Deadline Starting with the 2016 FBAR

For many years, the strange FBAR filing rules greatly confused US taxpayers. First of all, it was difficult to learn about the existence of the form. Second, many taxpayers simply missed the unusual FBAR filing deadline.

The US Congress took action in 2015 to alleviate this problem. As it usually happens, it did so when it passed a law that, on its surface, had nothing to do with FBARs. The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the “Act”) changed the FBAR deadline starting with 2016 FBAR. Section 2006(b)(11) of the Act requires the FBARs to be filed by the due date of that year’s tax return (i.e. usually April 15), not June 30.

Furthermore, during the transition period (which continues to this date), the IRS granted to US taxpayers an automatic extension of the FBAR filing deadline to October 15. Taxpayers do not need to make any specific requests in order for an extension to be granted.

Thus, starting with the 2016 FBAR, the Act adjusted the FBAR due date to coincide with the federal income tax filing deadlines. This is the case even if federal law requires a different filing date. For example, in situations where the tax return due date falls on a Saturday, Sunday, or legal holiday, the IRS must delay the due date until the next business day; the FBAR deadline will follow suit and also shift to the next business day.

2021 FBAR Deadline

Based on the current law, the 2021 FBAR deadline will be April 18, 2022. However, it is automatically extended to October 17, 2022.

The 2021 FBAR must be e-filed through the US Financial Crimes Enforcement Network’s (FinCEN) BSA E-filing system.

Contact Sherayzen Law Office for Professional Help With Your FBAR Compliance

If you have unreported foreign accounts, contact Sherayzen Law Office as soon as possible. Sherayzen Law Office is a leader in US international tax compliance and offshore voluntary disclosures. We have successfully helped hundreds of US taxpayers around the globe with their FBAR compliance and FBAR voluntary disclosures; and we can help you!

Contact Us Today to Schedule Your Confidential Consultation!

2021 FBAR Conversion Rates | FBAR Tax Lawyer & Attorney

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The 2021 FBAR conversion rates are highly important in US international tax compliance. The 2021 FBAR and 2021 Form 8938 instructions both require that 2021 FBAR conversion rates be used to report the required highest balances of foreign financial assets on these forms (in the case of Form 8938, the 2021 FBAR conversion rates is the default choice, not an exclusive one). In other words, the 2021 FBAR conversion rates are used to translate foreign-currency highest balances into US dollars for the purposes of FBAR and Form 8938 compliance.

The U.S. Department of Treasury  already published the 2021 FBAR conversion rates online (they are called “Treasury’s Financial Management Service rates” or the “FMS rates”).

Since the 2021 FBAR conversion rates are highly important to US taxpayers, international tax lawyers and international tax accountants, Sherayzen Law Office provides the table below listing the official 2021 FBAR conversion rates (note that the readers still need to refer to the official website for any updates).

Country – Currency Foreign Currency to $1.00
AFGHANISTAN – AFGHANI103.4000
ALBANIA – LEK105.9500
ALGERIA – DINAR138.2840
ANGOLA – KWANZA562.4400
ANTIGUA – BARBUDA – E. CARIBBEAN DOLLAR2.7000
ARGENTINA – PESO107.7500
ARMENIA – DRAM485.0000
AUSTRALIA – DOLLAR1.3750
AUSTRIA – EURO0.8820
AZERBAIJAN – NEW MANAT1.7000
BAHAMAS – DOLLAR1.0000
BAHRAIN – DINAR0.3770
BANGLADESH – TAKA86.0000
BARBADOS – DOLLAR2.0200
BELARUS – NEW RUBLE2.5440
BELGIUM – EURO0.8820
BELIZE – DOLLAR2.0000
BENIN – CFA FRANC581.8400
BERMUDA – DOLLAR1.0000
BOLIVIA – BOLIVIANO6.8200
BOSNIA – MARKA1.7240
BOTSWANA – PULA11.7100
BRAZIL – REAL5.6680
BRUNEI – DOLLAR1.3520
BULGARIA – LEV New1.7240
BURKINA FASO – CFA FRANC581.8400
BURMA – KYAT1,769.5000
BURUNDI – FRANC1,989.1000
CAMBODIA – RIEL4051.0000
CAMEROON – CFA FRANC578.2400
CANADA – DOLLAR1.2770
CAPE VERDE – ESCUDO97.2200
CAYMAN ISLANDS – DOLLAR0.8200
CENTRAL AFRICAN REPUBLIC – CFA FRANC578.2400
CHAD – CFA FRANC578.2400
CHILE – PESO842.5000
CHINA – RENMINBI6.3730
COLOMBIA – PESO4030.4300
COMOROS – FRANC434.7300
CONGO – CFA FRANC578.2400
COSTA RICA – COLON638.2700
COTE D’IVOIRE – CFA FRANC581.8400
CROATIA – KUNA6.4500
CUBA – Chavito1.0000
CYPRUS – EURO0.8820
CZECH REPUBLIC – KORUNA21.4170
DEM. REP. OF CONGO – FRANC1,987.8000
DENMARK – KRONE6.5560
DJIBOUTI – FRANC177.0000
DOMINICAN REPUBLIC – PESO56.7900
ECUADOR – DOLARES1.0000
EGYPT – POUND15.6800
EL SALVADOR – DOLARES1.0000
EQUATORIAL GUINEA – CFA FRANC578.2400
ERITREA – NAKFA15.0000
ESTONIA – EURO0.8820
ETHIOPIA – BIRR49.1320
EURO ZONE – EURO0.8820
FIJI – DOLLAR2.1030
FINLAND – EURO0.8820
FRANCE – EURO0.8820
GABON – CFA FRANC578.2400
GAMBIA – DALASI52.0000
GEORGIA – LARI3.0750
GERMANY – EURO0.8820
GHANA – CEDI6.0500
GREECE – EURO0.8820
GRENADA – EAST CARIBBEAN DOLLAR2.7000
GUATEMALA – QUENTZAL7.7000
GUINEA BISSAU – CFA FRANC581.8400
GUINEA – FRANC9234.2000
GUYANA – DOLLAR215.0000
HAITI – GOURDE99.7710
HONDURAS – LEMPIRA24.2540
HONG KONG – DOLLAR7.7990
HUNGARY – FORINT326.3200
ICELAND – KRONA129.9800
INDIA – RUPEE74.3430
INDONESIA – RUPIAH14,195.2800
IRAN – RIAL42,000.0000
IRAQ – DINAR1,458.5400
IRELAND – EURO0.8820
ISRAEL – SHEKEL3.0990
ITALY – EURO0.8820
JAMAICA – DOLLAR155.0000
JAPAN – YEN115.0400
JORDAN – DINAR0.7080
KAZAKHSTAN – TENGE436.8800
KENYA – SHILLING113.0500
KOREA – WON1,188.9200
KOSOVO – EURO0.8820
KUWAIT – DINAR0.3020
KYRGYZSTAN – SOM84.7910
LAOS – KIP11,148.8000
LATVIA – EURO0.8820
LEBANON – POUND1,500.0000
LESOTHO – MALOTI15.8820
LIBERIA – DOLLAR143.7000
LIBYA – DINAR4.5870
LITHUANIA – EURO0.8820
LUXEMBOURG – EURO0.8820
MADAGASCAR – ARIARY3,902.0000
MALAWI – KWACHA920.0000
MALAYSIA – RINGGIT4.1750
MALDIVES – RUFIYAA15.4200
MALI – CFA FRANC581.8400
MALTA – EURO0.8820
MARSHALL ISLANDS – DOLLAR1.0000
MARTINIQUE – EURO0.8820
MAURITANIA – OUGUIYA37.0000
MAURITIUS – RUPEE43.7500
MEXICO – PESO20.5310
MICRONESIA – DOLLAR1.0000
MOLDOVA – LEU17.6370
MONGOLIA – TUGRIK2,848.6300
MONTENEGRO – EURO0.8820
MOROCCO – DIRHAM9.2710
MOZAMBIQUE – METICAL 63.2000
NAMIBIA – DOLLAR15.8820
NEPAL – RUPEE119.3500
NETHERLANDS – EURO0.8820
NETHERLANDS ANTILLES – GUILDER1.7800
NEW ZEALAND – DOLLAR1.4600
NICARAGUA – CORDOBA35.5000
NIGER – CFA FRANC581.8400
NIGERIA – NAIRA405.0000
NORWAY – KRONE8.7780
OMAN – RIAL0.3850
PAKISTAN – RUPEE177.9700
PANAMA – BALBOANot Listed
PANAMA – DOLARES1.0000
PAPUA NEW GUINEA – KINA3.5090
PARAGUAY – GUARANI6,854.0000
PERU – SOL3.9690
PHILIPPINES – PESO51.0300
POLAND – ZLOTY4.0530
PORTUGAL – EURO0.8820
QATAR – RIYAL3.6400
REP. OF N MACEDONIA – DINAR54.2300
REPUBLIC OF PALAU – DOLLAR1.0000
ROMANIA – NEW LEU 4.3610
RUSSIA – RUBLE74.9990
RWANDA – FRANC1000.0000
SAO TOME & PRINCIPE – NEW DOBRAS21.6230
SAUDI ARABIA – RIYAL3.7500
SENEGAL – CFA FRANC581.8400
SERBIA – DINAR103.5800
SEYCHELLES – RUPEE13.3300
SIERRA LEONE – LEONE11,221.7000
SINGAPORE – DOLLAR1.3520
SLOVAK REPUBLIC – EURO0.8820
SLOVENIA – EURO0.8820
SOLOMON ISLANDS – DOLLAR7.8860
SOMALI – SHILLING575.0000
SOUTH AFRICA – RAND15.8820
SOUTH SUDANESE – POUND421.0000
SPAIN – EURO0.8820
SRI LANKA – RUPEE202.7500
ST LUCIA – E CARIBBEAN DOLLAR2.7000
SUDAN – SUDANESE POUND449.0000
SURINAME – GUILDER19.5310
SWAZILAND – LANGENI15.8820
SWEDEN – KRONA9.0250
SWITZERLAND – FRANC0.9140
SYRIA – POUND2,511.0000
TAIWAN – DOLLAR27.7070
TAJIKISTAN – SOMONI11.2800
TANZANIA – SHILLING2,302.0000
THAILAND – BAHT33.4000
TIMOR – LESTE DILI1.0000
TOGO – CFA FRANC581.8400
TONGA – PA’ANGA2.2290
TRINIDAD & TOBAGO – DOLLAR6.7590
TUNISIA – DINAR2.8760
TURKEY – NEW LIRA12.9560
TURKMENISTAN – NEW MANAT3.4910
UGANDA – SHILLING3,537.0000
UKRAINE – HRYVNIA27.3220
UNITED ARAB EMIRATES – DIRHAM3.6730
UNITED KINGDOM – POUND STERLING0.7400
URUGUAY – PESO44.4500
UZBEKISTAN – SOM10,805.7000
VANUATU – VATU111.2200
VENEZUELA – BOLIVAR SOBERANO4.5780
VENEZUELA – FUERTE (OLD)248,832.0000
VIETNAM – DONG22,765.0000
WESTERN SAMOA – TALA2.5650
YEMEN – RIAL580.0000
ZAMBIA – NEW KWACHA16.6320
ZIMBABWE – RTGS105.9490

Happy New Year 2022 From Sherayzen Law Office!!!

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Dear clients, followers, readers and colleagues:

Sherayzen Law Office wishes you a very Happy New Year 2022!!!

For those of you who are currently not in compliance with their US international tax reporting obligations, including FBAR or FinCEN Form 114, we wish you to successfully resolve your prior noncompliance in this new year 2022 with a minimal amount of IRS penalties!

Dear friends, in the year 2022, you can continue to rely on Sherayzen Law Office for your annual US international tax compliance (including the preparation of FBAR and other US international tax compliance forms such as: Forms 3520, 3520-A, 5471, 8621, 8865, 8938 and 926), your international tax planning (inbound and outbound) and your offshore voluntary disclosures (including: Streamlined Domestic Offshore Procedures (SDOP), Streamlined Foreign Offshore Procedures (SFOP), Delinquent FBAR Submission Procedures, Delinquent International Information Return Submission Procedures, IRS Voluntary Disclosure Practice and Reasonable Cause Disclosures).

In 2022, we will also continue to help you with your IRS audits and examination, including audits of: your prior SDOP and SFOP submissions (as well as other voluntary disclosure options) and your annual international tax compliance. We can also help you fight the imposition of IRS penalties for prior international tax noncompliance, including Form 3520 and 3520-A penalties, Form 5471 penalties, Form 5472 penalties, Form 8865 penalties, Form 926 penalties, et cetera.

In 2022, the US international tax compliance requirements are going to grow more complex, detailed and extensive. The IRS will continue to demand more and more information from US taxpayers, introducing heretofore unknown reporting obligations such as Schedules K-2 and K-3.

In order to deal with this ever-increasing US tax compliance burden, you will need the professional help of Sherayzen Law Office. In this New Year 2022, we can help you!

Your professional US international tax help is but a phone call away from you! Contact us today to schedule a confidential consultation in this New Year 2022!

HAPPY NEW YEAR 2022 EVERYONE!!!