Canada-U.S. Cross-Border Bulletin: What You Know About FBARs Can Hurt You

more+
less-
more+
less-
Explore:  OVDP

An article concerning the U.S. tax reporting obligations of U.S. citizens resident in Canada, including foreign bank account reporting (FBAR) obligations and the Internal Revenue Service's current Offshore Voluntary Disclosure Program.

This is a topic that received a good bit of media attention last year and as the article notes, that attention may make the situation more difficult for U.S. citizens who are not in compliance.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  OVDP

Published In: Business Organization Updates, Finance & Banking Updates, Immigration Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Teia Bui | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »