International Tax Services - The Foreign Account Tax Compliance Act has added a new layer of complexity for taxpayers with foreign assets -- and it is backed up by new penalties that start at $10,000. This article discusses the significant challenges FATCA's disclosure requirements present to taxpayers and tax practitioners. To read more information click the link. Still looking for a tax preparer to help you with this year’s tax return? As always we are available to help. Contact us today.
ABA Tax Accounting
Amare Berhie, Senior Tax Accountant
amare@abataxaccounting.com
Direct 612-282-3200
Toll free 866-936-0430
http://abatax81.blogspot.com
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