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Thursday, June 30, 2011

IRS Issues Warning on Foreign Bank Account Filing Deadline


WASHINGTON, D.C. (JUNE 28, 2011)

BY MICHAEL COHN, ACCOUNTING TODAY





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U.S. persons are required to file a Report of Foreign Bank and Financial Accounts , or Treasury Department Form TD F 90-22.1, each year if they have a financial interest in or signature authority over financial accounts, including bank, securities or other types of financial accounts, in a foreign country, if the aggregate value of these financial accounts exceeds $10,000 at any time during the calendar year.
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http://www.accountingtoday.com/news/IRS-Issues-Warning-FBAR-Filing-Deadline-58973-1.html?ET=webcpa:e1580:70848a:&st=email

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