If you're an American living abroad, you may have to file an FBAR. For FBARs there are no degrees to being late. It’s binary. Your FBAR was late or it wasn’t. A penalty size won’t be affected by the degree of lateness. A little late is as bad as a lot late.
Timely & flawed is better than late & perfect
Timely & flawed is better than late & perfect
Timely & flawed is better than late & perfect
If you're an American living abroad, you may have to file an FBAR. For FBARs there are no degrees to being late. It’s binary. Your FBAR was late or it wasn’t. A penalty size won’t be affected by the degree of lateness. A little late is as bad as a lot late.