Taxpayers who have not filed a required FBAR and are not under a civil examination or a criminal investigation by the IRS, and have not already been contacted by the IRS about a delinquent FBAR, should file any delinquent FBARs and include a statement explaining why the filing is late. The IRS will not impose a penalty if income from the foreign accounts is properly reported and taxes are paid on your U.S. tax return. Sanders US Tax Services is very experienced with filing delinquent FBARs. Contact us to see how we can help you.