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IRS Focused on Timelines, Burdens in Implementing Foreign Accounting Tax Compliance Act Provisions, Top Official Says

April 27, 2010 in Daily Tax Report · Leave a Comment 

Internal Revenue Service Associate Chief Counsel (International) Steven Musher April 26 said the agency remains focused on timelines and on imposing the least possible burden on taxpayers as it works to implement comprehensive new reporting and disclosure requirements for foreign banks under provisions of the Foreign Accounting Tax Compliance Act…

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