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Expert Analysis

Takeaways From 2 New FBAR Rulings

By Friedemann Thomma and Marianna Felshtiner ( June 11, 2021, 3:58 PM EDT) -- U. S. taxpayers who unintentionally fail to report to the Internal Revenue Service their interest in, or signatory authority over, foreign accounts with a total balance of over $10,000 can breathe a little easier. . . .

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