 Article
Feeds
|
"IRS Reminds Taxpayers to Report Certain Foreign Bank and Financial Accounts by June 30, 2008" |
July 12, 2008
In a June 17, 2008 news release (IR-2008-79), the IRS reminded United States persons having a financial interest in or signature authority or other authority over financial accounts in a foreign country to report those accounts to the Treasury Department by June 30, 2008, if the aggregate value of the financial accounts exceeded $10,000 at any time during the 2007 calendar year. United States
persons who are required to report their financial accounts must file a Report of Foreign Bank and Financial Accounts (FBAR), Form TD F 90-22.1, each year that they have a financial interest in or signature authority or other authority over any financial accounts, including bank, securities or other types of financial accounts,
in a foreign country.
|
The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
|
|
RSS | Blogs | Site Map | Contact Us