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FBAR-114 for Every US Taxpayer

FORM: FBAR-114

DUE DATE: 17-Apr

WHO IT APPLIES TO

  1. Every US Taxpayer with foreign accounts

PENALTIES: $10,000 per violation or $100,000 or 50% of the balance in the account if willfully fails.

Earlier Event: April 1
1040 for Individual Taxpayers
Later Event: April 17
1120 for C-Corps