Accounting Tip of the Day 1/15/14: If you plan to open a foreign bank account…

Dmitri Galcovskiby Dmitri Galcovski

If you plan to open a foreign bank for your company, it would be a good idea to do all of the due diligence and research the IRS website for the subject of the new rules on foreign bank accounts enacted in the Foreign Account Tax Compliance Act, or FATCA.

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