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Required Reading: Foreign Bank Account Rules for Tax Advisors

February 12th, 2010 · No Comments

If the UBS scandal didn’t convince you that the Obama administration is going whole hog after U.S. taxpayers with offshore bank accounts, perhaps a recent article written by Dean Mark Mason for Taxes, The Tax Magazine will.

The piece is titled Foreign Bank Accounts – FBAR Reporting Obligations, Enforcement Exposures and Managing the Risk: What Every Tax and Compliance Advisor Needs to Know Now!

Tax preparers and tax advisors need to know what Mr. Mason is saying because under the new no-tolerance regime they could easily be caught in the IRS’s enforcement net.

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Tags: International Taxation · News

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