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News Too Me

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But I'm not American.

http://www.irs.gov/newsroom/article/0,,id=235695,00.html

From what I've been reading, besides filing normal US taxes, they want you to disclose all your foreign bank accounts with the HIGHEST balance ever during a year for each account, each high balance.

Invasion of privacy?

Moving this to the Business forum where there is already some info on this.

Parallel topic here > IRS Extending its reach. and here

Invasion of privacy is not in the IRS dictionary.

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