Free Tool

FBAR Penalty Calculator

Estimate your FBAR penalty exposure and see how much you could save under the IRS Streamlined Filing Compliance Procedures.

Enter your details

Willfulness

Number of unreported foreign accounts(post-Bittner: does not affect non-willful penalty)

Highest aggregate balance (USD)

Years of missed FBARs: 6

1 year6 years (max lookback)

Estimated Results

IRS Discovery (Worst Case)

$99,216

$16,536 × 6 years (per form, post-Bittner)

Streamlined SFOP (Overseas Resident)

Zero FBAR penalty — back tax + interest only

Streamlined SDOP (US Resident)

$12,500

5% × $250,000 highest balance (one-time)

Potential Savings (SFOP)

$99,216

vs IRS discovery worst case

Note: Non-willful penalties are assessed per FBAR form filed per year (not per account) following the Supreme Court ruling in Bittner v. United States (2023). Willful penalties are assessed per account per year.

Disclaimer: This calculator provides estimates for educational purposes only. Penalty amounts are based on 2024 inflation-adjusted figures. Consult a qualified tax adviser before making any decisions.

Frequently Asked Questions

Everything you need to know about FBAR penalties and the Streamlined Filing Procedures.

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