FBAR - Foreign Bank Account Reporting Obligations: A Primer for the Practitioner
Tax Partners Andrew Weinstein and Kevin Packman authored a WG&L Journal of Taxation article titled "FBAR—Foreign Bank Account Reporting Obligations: A Primer for the Practitioner."
Cross-border investing and multinational clients are both increasingly commonplace. A major concern may turn out to be the reporting requirements imposed on taxpayers with an interest in "a foreign financial account." And this concern will be substantially heightened if the Joint Committee's recommendations, which would essentially "delegate" the responsibility to a tax preparer, ever become law.