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Congressional Research Service Issues Legal Sidebar White Paper on Supreme Court Rules Against IRS on Foreign Account Reporting Penalties
March 21, 2023
WASHINGTON, March 21 -- The Congressional Research Service issued the following Legal Sidebar white paper on the Supreme Court rules against IRS on foreign account reporting penalties (No. LSB10938) on March 20, 2023, by legislative attorney Alexander H. Pepper:

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Supreme Court Rules Against IRS on Foreign Account Reporting Penalties

Federal law requires U.S. persons with a financial interest in or signature or other authority over foreign financial acc . . .

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