Vienna FBAR Lawyer | Report of Foreign Bank and Financial Accounts

Claire Sanderson

John and his team were very professional and responded to my questions and provided guidance quickly.

Prince Mampouya

I had an exceptional experience working with John Pontius and his team. Within minutes of submitting a consultation request through their website, I received a feedback from Gigi (Executive Assistant) at his office for a seamless preliminary intake. The following day, I spoke directly with John, who was not only incredibly friendly but also remarkably knowledgeable. He broke down a complex situation into clear, actionable options and thoroughly answered every single question I had. If you need expert guidance and prompt, high-touch service, I highly recommend John Pontius.

Alex Kaufman

Incredibly helpful and easy to get a free consult. Recommend

South Carolina Ave

We had a very positive experience working with Pontius Tax Law. John and his team were very knowledgeable, responsive, courteous and professional. I would definitely recommend them.

KER

I called John frantically after discovering an error on my taxes that spanned a few years. He called me back and was patient, kind, and exceptionally competent in helping me fix my situation, as was Dana on his team. I’m deeply grateful for their help and would not hesitate to recommend them for any sort of tax issue. Thank you again!

walt winston

I would highly recommend Pontius Tax Law for anyone navigating complex tax issues. From the very first consultation, it was clear that I was in the hands of true professionals who actually care. In fact, they actually care—and that makes all the difference when you are dealing with the stress of tax law. I would especially like to thank Dana. She was absolutely instrumental in managing my case. Dana is incredibly diligent, responsive, and possesses a deep understanding of the internal workings of the IRS. She kept me informed and managed each step of the process with total professionalism. What I appreciated most was how she patiently awaited my responses and the various documents she required. Because of my disability, my responsiveness was sometimes delayed, but Dana remained patient and accommodating throughout. I want to thank both Dana and John tremendously. They are worth every penny, not only for the peace of mind they provide but for their actual accomplishments in what is a very high-stakes process. Sincerely, Walt Winston

Mike M

Called after hours and was meeting with John and his team the next morning! Very professional group who's value to me was evident right away!

Mark Crick

Dealing with an issue from the IRS seemed like an overwhelming and impossible task until I was recommended to Pontius Tax Attorneys. They took me through my options without judging my situation, and worked out a plan that made sense for my family. Sarah was amazing!

Alexa Addison

John was incredibly helpful and informed. Within 5 minutes of requesting a consultation, I received a call from his office for a preliminary conversation. On the same day, I was able to speak with John Pontius who was super friendly. He was knowledgeable, clear, and incredibly helpful in breaking down my options. He answered every question thoroughly and made a complicated situation much easier to understand. Highly recommend.

James Levine

I must say it was a pleasure and delight to work with the firm. I was dealt with in a highly efficient manner by the paralegal team, and then I met with the senior partner. I have to say I was treated with absolute consideration for a difficult situation and with kindness and respect The charge structure is entirely appropriate for the level of skill. Highest recommendation

The federal government has broad investigative powers into the financial assets of Americans—even those accounts held overseas. The IRS taxes American citizens and residents on the income related to their financial accounts worldwide and the federal government relies on taxpayers to disclose these accounts as part of the process.

One of the documents used in this process is referred to as a Report of Foreign Bank and Financial Accounts (FBAR). The law requires that you file an FBAR along with your tax returns under certain circumstances. If you have failed to file your disclosure or are unsure if these rules apply to you, a Vienna FBAR lawyer might be able to help. A seasoned tax attorney could help you work out compliance issues or address filing delinquencies.

What is an FBAR?

FBAR requirements are fairly straightforward. These disclosures are mandatory for a “United States person” with overseas accounts that hold more than $10,000. For these purposes, a United States person is an American citizen, an American business, or a lawful permanent resident.

The process of filing an FBAR statement is done online. Any United States taxpayer that meets the threshold requirement must file an FBAR statement annually through the Financial Crimes Enforcement Network (FinCEN) using the U.S. Department of the Treasury website.

The deadline for filing this disclosure falls on April 15 each year and it applies to financial accounts that were open at any point in the entire previous calendar year. FinCEN will grant an automatic extension until October 15 with no extension request needed.

The Process for Delinquent FBAR Filing

As of July 1, 2026, the IRS has removed its Delinquent FBAR Submission Procedures webpage from its website. This suggests that the administrative option for coming into FBAR filing compliance without penalties is no longer available.

The removal of these procedures does not mean that penalties will automatically be imposed for late filed FBARs. Rather, it means that taxpayers who file delinquent FBARs may now have potential penalty exposure, depending on the facts and circumstances of their case.

If you need to come into FBAR compliance, contact us to evaluate your options. We can help assess your circumstances and determine whether you may have reasonable cause to request penalty abatement if penalties are proposed or assessed.

Discuss Your Options with a Vienna FBAR Attorney Today

If you have foreign financial accounts that exceed $10,000, you are required to comply with the FBAR filing requirements. If you are not in FBAR compliance, your Vienna FBAR lawyer could also help you carefully address these deficiencies and avoid an IRS investigation. Reach out today to learn more.