Did Savta leave you a bank account at Bank HaPoalim?

There are several new options for foreign bank account owners. 

On June 18, 2014 the IRS made major changes to the Overseas Voluntary Disclosure Program. Certain individuals who did not report their foreign bank accounts may be eligible to pay as low as a 5% FBAR Penalty (Foreign Bank Account Reporting) instead of a 27.5% penalty.

Furthermore, there is an important August 3, 2014 deadline for some foreign bank account owners. For more information about these important issues click here: Foreign Asset Reporting