Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 00:26, 23 September 2024
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In 2011, the IRS in addition to Congress, have decided to have a more rigorous disclosure policy on foreign incomes including a new FBAR form that needs more detailed disclosure details. However, the IRS is yet release a this new FBAR shape. There is also an amnesty in place until August 31st 2011 for taxpayers who in order to fill form FBAR combined years. Conscientious decisions in no way fill the actual FBAR form will result a punitive charge of $100,000 or 50% with the value in the foreign be aware of the year not published.
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