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Guidance on Definitions, Scope, Carveouts Initial Focus under New Foreign Account Tax Compliance Act, IRS Official Says

May 4, 2010 in Daily Tax Report · Leave a Comment 

Guidance on broad new requirements that foreign financial institutions report accounts with U.S.-owned assets to U.S. tax authorities is likely to focus first on carveouts and issues of definition and scope, a senior Internal Revenue Service official said April 30…

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