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Capital Gains Tax — FBAR filing for offshore accounts

Started by confused_business_owner_OH · Mar 13, 2024 · 2,068 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
CB
confused_business_owner_OH 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 6 weeks now and the situation isn't improving.

I have already done some research online but did not get a clear answer.

Has anyone been through something similar? What worked for you?

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

DW
desperate_worker_2025

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

TF
TechStartup_Founder

Been there. Here's what I learned.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

JC
just_curious_dev_2022

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.

CT
CryptoTrader_2023

I went through almost the exact same thing.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

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