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August 19, 2011

FBAR and Offshore Voluntary Disclosure Initiative of the Internal Revenue Service

Tax Attorney Vince Nardone discusses filing requirements regarding foreign investments.

Hello everyone.  The Internal Revenue Service's Offshore Voluntary Disclosure Initiative deadline is quickly approaching.  Many are preparing their amended returns and ready to file the final disclosures with the Internal Revenue Service.  But, I question whether the tax accountants or taxpayers preparing the returns are also aware of the various informational returns that are required to be filed in addition to the Form 1040.  I have attached a list of those additional information returns in pdf format.  The reason I am doing that is that I have found many professionals (both attorneys and accountants) are simply not aware of them.  And, the Internal Revenue Service has done a poor job in promoting the requirements of these additional returns.  If you own foreign assets, investments, or business interests it is important that you review the instructions for each of the attached documents to determine what, if any, additional filing requirements you may have.

Please see the attached.

Download FBAR forms (00032167)

Please view the site disclaimer regarding the advice on this blog.

« Offshore Voluntary Disclosure Initiative and FBAR | Main | IRS Extends Time for 2011 Offshore Voluntary Disclosure Initiative Requests »

August 19, 2011

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