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Expert Analysis

4 Key Defenses In FBAR Liability

By Christopher Rajotte (August 7, 2017, 11:57 AM EDT) -- In 2007 Bradley Birkenfeld blew the whistle on UBS's facilitation of U.S. tax evasion, and the status of offshore bank and financial accounts has not been the same since. The last decade has seen the Internal Revenue Service markedly increase its emphasis on enforcing U.S. tax law with respect to offshore bank and financial accounts owned by U.S. taxpayers....

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