Tuesday, August 16, 2016

Those who don’t know old acronyms, should

Just a little too close.

“Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify persons who may be using foreign financial accounts and services to circumvent income tax reporting.”

http://www.military.com/military-report/service-members-may-need-to-file-a-fbar-report.html?ESRC=mr0815.nl

Or, maybe it’s the government’s way of saying tax cheats will be FuBARed if caught not complying.

No comments:

Post a Comment