Tax Records: What to Keep, What to Toss
September 15, 2021

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U.S. Supreme Court Rules against the IRS on FBAR Issue

U.S. Supreme Court Rules against the IRS on FBAR Issue

The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling in Bittner v. U.S. is welcome news for U.S. residents who “non-willfully” violate the law’s...

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