Reporting Foreign Assets: Compliance with FBAR and FATCA

By Kapil Handa FBAR and FATCA are two IRS filing regulations that require some individuals and entities to report their foreign assets or accounts above a minimum value. As more people become aware of these regulations, FBAR and FATCA compliance is improving. Reporting requirements vary between FBAR and FATCA. Generally, minimum dollar thresholds for reporting […]
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