IRS Reminds Taxpayers To Report Certain Foreign Bank / Financial Accounts By June 30
WASHINGTON –– June 17, 2008 - The Internal Revenue Service today reminded U.S. persons who have bank and other financial accounts in a foreign country that they may be required to report those accounts to the U.S. Department of Treasury by the June 30 deadline.
With globalization, more people in the U.S. have foreign financial accounts. There is nothing improper about setting up or maintaining such accounts. Still, IRS officials are concerned that U.S. persons may overlook that their accounts are large enough to trigger reporting obligations.............
Form: http://www.irs.gov/pub/irs-pdf/f90221.pdf
With globalization, more people in the U.S. have foreign financial accounts. There is nothing improper about setting up or maintaining such accounts. Still, IRS officials are concerned that U.S. persons may overlook that their accounts are large enough to trigger reporting obligations.............
Form: http://www.irs.gov/pub/irs-pdf/f90221.pdf
posted by Milt Baker CPA | 2:37 PM
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