Subscribe to the Tax Headline RSS feed | Subscribe to the Tax Headline feed via EmailIRS Seeks Comments on Implementing New Foreign Account Tax Compliance Act; Stakeholders Weigh in
April 8, 2010 in Daily Tax Report · Leave a Comment
The Internal Revenue Service April 7 asked the tax community for comments on how best to implement provisions of the Foreign Account Tax Compliance Act, recently signed into law under jobs legislation, that require extensive new reporting and disclosure on the ownership of U.S. assets in foreign banks.
