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| I am aware of the stiff penalties for FBAR and non-filing but I also read about what they call the "reasonable cause". Wouldn't that apply to me? If I faithfully and honestly say why I am in this situation, wouldnt' they undertand? | |
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I don't know of any "reasonable cause" for not filing tax returns or the FBAR (i.e. I don't know of any cause the
IRS would believe is reasonable), but if you can find any article by a US attorney that describes such cause, please post a link.
There is an old phrase used by US attorneys that "ignorance of the law is no excuse." (I've had a French avocat tell me the same thing about the French legal and tax codes.) Moreover, the FBAR filing requirement is at least 15 years old (I've been filing it for a decade, and it was an old form when I first started), and the tax filing requirements are even older.