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1099 Tax Issue — FBAR filing for offshore accounts

Started by worried_buyer_GA · Aug 2, 2024 · 807 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
WB
worried_buyer_GA OP

I'm in a difficult situation and trying to figure out my next steps.

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 consulted briefly with a lawyer but the other party is not cooperating.

What are my legal options here? Is it worth pursuing?

RL
RetiredLawyer_FL

I went through almost the exact same thing.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

TL
Mod_TermsLaw Moderator

I've handled similar cases. Here's my take on the legal issues.

The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

NR
NurseUnion_Rep

I went through almost the exact same thing.

I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.

FW
frustrated_worker_legal

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

SA
seeking_advice_renter_IL

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

AF
asking_for_friend_homeowner_TX

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

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