OrbitaxIRS issues fact sheet on reporting requirements for foreign financial accounts
|Approved Changes|United States
The US Internal Revenue Service (IRS) has issued a fact sheet with the reporting requirements of US persons who own accounts in foreign financial institutions. The fact sheet is designated FS-2007-15 and was issued on 27 February 2007.
The fact sheet notes that the US Bank Secrecy Act requires US persons who own a foreign bank account, brokerage account, …
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