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FBAR Rules for Employee Benefit Plans

Employee benefit plans and those with authority over their investment activities may be required, like other investors, to file an FBAR if plan investments involve foreign banks or securities accounts.

16 minute read September 30, 2010 at 09:31 AM
By
Marcia S. Wagner
FBAR Rules for Employee Benefit Plans

On Feb. 26, 2010, the Financial Crimes Enforcement Network (“FinCEN”) issued proposed regulations regarding foreign bank account reporting on Form TD F 90-22.1 (the “FBAR”).

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