Foreign financial asset reporting regulations issued

Foreign financial asset reporting regulations issued

The Internal Revenue Service issued temporary and proposed regulations regarding the requirement that taxpayers report specified foreign financial assets to the IRS starting with 2011 tax years. For more info please contact:

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

Phone 612-282-3200

Toll free 866-936-0430

www.abataxaccounting.com

www.facebook.com/abataxaccount

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