All about Foreign Bank and Financial Accounts Regulations (FBAR)

Taxblock , Last updated: 03 October 2022
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The Foreign Bank and Financial Accounts Regulations (FBAR) form came into existence as part of the Bank Secrecy Act of 1970 (BSA) with the aim to prevent taxpayers from avoiding paying taxes by hiding assets overseas. However, the IRS has enforced foreign financial account reporting rules for Americ

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Category Income Tax Report