Press Room: Article

August 03, 2009

Translating Foreign Activities Reporting

Every day there seems to be another newspaper article reporting IRS’ epic battles over the disclosure of foreign bank accounts and the ensuing diplomatic disputes.

This media attention has greatly increased awareness of the requirement to report foreign bank and financial accounts on Form TD F 90-22.1. As a consequence, the number of these reports filed in 2009 has sky-rocketed…

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