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Insights from the Fastlane

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Michael DiSabatino of Sharp CFO™ shares expert insights to help you unlock your business's full potential by delivering proven strategies for maximizing tax savings, streamlining operations, and driving sustainable growth.

The information provided on this site is for general informational purposes only and should not be construed as professional financial, tax, or legal advice. For advice tailored to your specific situation, we recommend consulting with a qualified professional.

Don't Forget Your FBAR

Don't Forget Your FBAR
A detail that can cause lots of IRS problems

The Foreign Bank and Financial Report (FBAR) is a reporting requirement that is getting lots of attention from the IRS. Here is what you need to know.

Do you have any foreign bank accounts or assets held outside the United States?

Are you a beneficiary of, or a responsible party for someone else who has assets held in non-United States based accounts?

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