Proposed FBAR Regulations Address Some Concerns but Leave Many Questions Unanswered
The Treasury Department has released proposed regulations that would provide some relief to filers attempting to determine their obligations under the rules regarding the Report of Foreign Bank and Financial Accounts (the “FBAR”), but the regulations do not address many of the problems that commentators have identified with the FBAR rules. These proposed regulations are Treasury’s response to comments it solicited in Notice 2009-62.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post