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From Lorman Education Services
Enhanced Foreign Asset Reporting Rules for 2011: An Update on FBAR and FATCA Requirements
... accounts on the much-heralded Report of Foreign Bank and Financial Accounts or 'FBAR' form. The FBAR rules require taxpayers to annually report whether they have a financial interest in, or signature or other authority over, foreign bank accounts, and impose substantial civil and criminal penalties for failing to do so. On the heels of the U.S. government's global crackdown on the use of
more...
Enhanced Foreign Asset Reporting Rules for 2011: An Update on FBAR and FATCA Requirements
... accounts on the much-heralded Report of Foreign Bank and Financial Accounts or 'FBAR' form. The FBAR rules require taxpayers to annually report whether they have a financial interest in, or signature or other authority over, foreign bank accounts, and impose substantial civil and criminal penalties for failing to do so. On the heels of the U.S. government's global crackdown on the use of
more...
