Calling All U.S. Taxpayers With Foreign Financial Assets: What You Need to Know About Reporting to Avoid Penalties

With tax day (April 17 this year) looming in the not-too-distant future, many taxpayers are flummoxed by the foreign financial asset reporting requirements. U.S. citizens, green card holders and U.S. income tax residents based on their number of days present in the United States must report and pay...

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