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The IRS Wants to Know About Your Gifts from Foreign Sources - MS Estate Planning

The IRS Wants to Know About Your Gifts from Foreign Sources  - MS Estate Planning | FATCA | Scoop.it
With the sharp eyes of the IRS abroad and looming FATCA compliance, foreign bank accounts are less secret than they used to be. Income from abroad is taxable and you must report your foreign bank accounts.
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FATCA
Foreign Account Tax Compliance Act FATCA
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