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Thursday, 01 December 2022
Thursday, 01 December 2022 13:13

Tax Reporting of Foreign Assets

Article Written for:  TaxStringer, the NYSSCPA's (New York Society of Certified Public Accountants) 

U.S. citizens and residents are subject to a number of IRS reporting requirements regarding assets held outside the U.S. Foreign situs assets and interests in offshore trusts significantly complicate tax reporting. Several such filing requirements are outlined below.

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Forster Boughman & Lefkowitz

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