Reporting Canadian and Other Foreign Accounts in the U.S. – A Comparison of U.S. FBAR & FATCA Reporting Requirements
U.S. tax rules for reporting foreign bank accounts by individuals can be tricky. They require an understanding of not one, but two sets of requirements – The Financial Account Tax Compliance Act (FATCA) and the requirements of the Financial Crimes Enforcement Network (FinCEN). (more…)
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