Reporting Foreign Bank and Financial Accounts
H&R Block are experienced tax advisers who receive countless enquiries about reporting financial accounts held in foreign countries. Recent legislation requires all financial and banking institutions to report information concerning United States account holders. So, all tax filers who live in the states or abroad must be prepared to declare all bank accounts held. H&R Block would like to confirm the reports are due by June 30, and there are high penalties for those who fail to file.
This information should help people who invest in foreign banking institutions:
. Those who are expected … Read the rest