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Capital Gains Tax - FBAR filing for offshore accounts

Started by Justin_W_20 · Mar 29, 2024 · 2,546 views · 3 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
JW
Justin_W_20 OP

Using a throwaway bc my boss knows my main. Looking for advice on a legal issue. Here's what happened.

FBAR filing for offshore accounts. I've been dealing with this for about 11 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Should I hire a lawyer for this or try to handle it myself?

CA
coffee_and_contracts_24

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation (at least in my experience), companies usually settle haha.

RB
random_business_52

This is exactly why I started documenting everything from day one.

SF
stuck_freelancer_84

Keep records for at least 7 years. The IRS can audit further back in some cases.

NU
new_user_25

Have you consulted with a CPA yet? This is complex enough to warrant professional advice.