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Some not-for-profitexempt organizations may have FBAR filing obligations
- Proskauer Rose LLP
- -
- USA
- -
- March 29 2010
U.S. taxpayers, including not-for-profitexempt organizations, with a financial interest in or signatory authority over a foreign financial account are generally required to file the Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1 (FBAR) with the Department of the Treasury each June 30 if the aggregate value of all of the U.S. person’s foreign financial accounts exceeds $10,000 at any time during the year
The foreign bank and financial account reporting saga continues: further relief for prospective filers
- Proskauer Rose LLP
- -
- USA
- -
- March 5 2010
U.S. taxpayers with a financial interest in or signatory authority over a foreign financial account are generally required to file the Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1 (FBAR) with the Department of the Treasury each June 30 if the aggregate value of all of the U.S. person’s foreign financial accounts exceeds $10,000 at any time during the year
