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Taxation & Estate Planning

: TaxProf Blog

Treasury Department Issues FBAR Proposed Regs

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The Treasury Department's Financial Crimes Enforcement Network (FinCEN today issued proposed regulations under the Bank Secrecy Act regarding reports of foreign financial accounts (FBARs). Proposed Regulations Announcement 2010-16 temporarily suspends non-U.S. citizens, residents or domestic entities the requirement to file FBAR forms for 2009 and earlier years. Notice 2010-23 provides...

Full post as published by TaxProf Blog on February 26, 2010 (boomark / email).

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