Posts Tagged: foreign assets

Increased IRS Oversight of Organizations with Foreign Assets

April 19, 2012 Posted by The Law Firm for Non-Profits, P.C. in IRS, News

Does your nonprofit have foreign assets? If so, a new federal law will soon require it to submit a new report. Nonprofits are already subject to FBAR. In 2013, the Foreign Account Tax Compliance Act will require nonprofits to file an annual form listing foreign assets such as financial accounts, securities, and interests in foreign entities. …

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