Regulations on Reporting Specified Foreign Financial Assets Are Finalized

Individuals who are required to report interests in foreign financial assets to the IRS got guidance on the process in the form of final regulations. The regulations finalize temporary regulations issued in 2011, with some changes.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/8blsA8b54k8/News_Notes_05.aspx

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