Foreign Account Reporting - 5 Important FBAR & FATCA Reporting Tips

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Foreign Account Reporting

Foreign Account Reporting: Each year, US taxpayers who have foreign financial accounts such as bank accounts, investment accounts, pension accounts and certain foreign life insurance are required to disclose this information on various international information reporting forms.

While the FBAR (FinCEN Form 114) is the most popular and common of the IRS international forms -- it is not the only form.

Foreign account reporting is not necessarily complicated for everybody -- it depends on the type of accounts, number of accounts, and whether or not the filer is in compliance for prior years.

Here are five important reporting tips for foreign account reporting.

Видео Foreign Account Reporting - 5 Important FBAR & FATCA Reporting Tips канала Golding & Golding International Tax Lawyers