Posted inBusiness

77,000 foreign banks to share tax info with IRS

STEPHEN OHLEMACHER, Associated Press WASHINGTON (AP) โ€” It will soon get a lot harder to use overseas accounts to hide income and assets from the Internal Revenue Service. More than 77,000 foreign banks, investment funds and other financial institutions have agreed to share information about U.S. account holders with the IRS as part of a crackdown on […]

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