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The Authority of Foreign Bank is closing its account

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Added by Ethiopia Now in News
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The Authority of Foreign Bank is closing its account

losing your Foreign Bank Account and/or other accounts instead of getting into FATCA and IRS Tax Compliance is a risky proposition, that may result .... There is a section of the FBAR reserved for individuals who have signatory authority or other type of authority on the account, but the money is not theirs.

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