Avoid Big Trouble with the IRS - the FBAR (Foreign Bank Account Report) Filing Date is June 30th

According to Fresh Start Tax LLC, failure to file the FBAR Form, which reports financial interest or signature authority in foreign bank and financial accounts, can lead to criminal prosecution and seizure of assets. Fort Lauderdale, FL (PRWEB) June 28, 2012 A crucial IRS deadline is approaching for those taxpayers that have bank accounts or other financial accounts in foreign countries. Michael Sullivan, of Fresh Start Tax LLC , states, 'Any US taxpayer with a foreign bank and/or financial account with a value of $10,000 or more during the calendar year must file IRS form TD F 90-22.1 b
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