Civil and criminal penalties for FBAR reporting

Violation//Civil penalties//Criminal penalties

* Negligent violation//Up to $500//N/A

* Non-willful violation//Up to $10,000 for each negligent violation//N/A

Pattern of negligent activity//Not more than $50,000 (other penalties may apply)//N/A

* Willful failure to file FBAR or retain records of account//Up to the greater of $100,000, or 50% of account at time of violation//Up to $250,000 or 5 years, or both

* Willful failure to file or retain records of account while violating certain other laws//Up to the greater of $100,000, or 50 percent of account at time of violation//Up to $500,000 or 10 years, or both

* Knowingly and willfully filing false FBAR//Up to the greater of $100,000, or 50 percent of account at time of violation//Up to $10,000 or 5 years, or both

Source: IRS

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