Overview of Disclosure Requirements This is the second part of a two-part article. In Part 1, we briefly covered several international disclosure forms that must be submitted by certain U.S. taxpayers (including nonresident aliens that meet the “substantial presence test”) in connection with international accounts or transactions, including: FBAR/F...
Overview of Disclosure Requirements This two-part article summarizes FinCen and IRS reporting requirements of U.S. citizens,resident aliens, certain non-resident aliens (e.g., who meet the “substantial presencetest”), domestic entities, domestic trusts and domestic estates that have an interest inforeign financial accounts, brokerage accounts, reti...
