The IRS has changed the process under which it accepts requests for verification that it has received a filed FBAR. (FBAR is FinCEN Form 114, Report of Foreign Bank and Financial Accounts). Previously, the IRS allowed FBAR filers to call its FBAR hotline to obtain verbal verification of filing for up to five FBARs, at no charge. Effective Nov. 19, 2019, the IRS is no longer accepting verbal requests for verification of FBAR filings. All requests for verification of an FBAR filing now must be submitted in writing. There’s a $5.00 fee for verifying the filing status of five or fewer FBARs and a $1.00 fee for each additional FBAR filing verification requested. Visit our website fore more information! www.mjscpa.com/news/
