By: Daniel Silva and Agustin Ceballos
October 2, 2023
“There has been a legal shakeup this summer in the world of “FBARs” — Reports of Foreign Bank and Financial Accounts — as enforcement of the Foreign Account Tax Compliance Act, or FATCA, continues to evolve.
Recent FBAR Developments
New developments have been popping up nearly every week, whether from a court decision, as a result of a policy revision by the Internal Revenue Service or the U.S. Department of Justice, or some change in litigation and enforcement against taxpayers. ”
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