Hi, I found an interesting report from the 1990s the US Treasury did that deal with many of the issues being discussed here. For everyone’s reading pleasure I posted a link below.
http://www.treasury.gov/press-center/press-releases/Documents/tax598.pdf
Additional 1993 Report
http://archive.gao.gov/t2pbat6/149177.pdf
What is interesting is neither of these reports mention FBAR







