Article
IRS Releases Final Regulations For Reporting Of Specified Foreign Financial Assets
On Dec. 12, the IRS released final regulations under Section 6038D https://s3.amazonaws.com/public-inspection.federalregister.gov/2014-29125.pdf (T.D. 9706) relating to the provisions of the Hiring Incentives to Restore Employment (HIRE) Act that require specified foreign financial assets to be reported to the IRS for taxable years beginning after March 18, 2010.
Grant Thornton LLP



