From the Tax Law Offices of David W. Klasing – IRS Issues Guidance on FBAR Definitions and Reporting Requirements

IRVINE, Calif., Jan. 4, 2023 /PRNewswire/ — A Report of Foreign Bank and Financial Accounts (FBAR) is a yearly report submitted to the Financial Crimes Enforcement Network (FinCEN), according to current IRS guidance. The filing requirements often fall on United States persons (USPs) with…

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