China Briefing News

Notice: FBAR Filing Deadline for U.S. Persons Rapidly Approaching


U.S. persons are required by law to report foreign bank accounts to the IRS by Saturday, June 30, or face severe civil or criminal penalties! By Chet Scheltema Jun. 21 – According to the U.S. Bank Secrecy Act, if the aggregate amount in a U.S. person’s foreign accounts exceeds US$10,000 at any time during the […]

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