IRS Compels Disclosure of Offshore Asset Protection Trusts

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As we approach the 2012 income tax filing season planning should already begin for tax preparers and taxpayers to deal with offshore trust disclosure. Form 8938 is still draft form, but the disclosure requirements of IRC§ 6048 should receive careful care and attention.....

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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.

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