What does it mean for the taxpayer to have “signature authority” over a foreign financial account?
A person has a “financial interest” in a foreign account not only if he is the owner of record or holder of legal title, but also if he has signatory authority of the account or maintains it jointly with another person. Signature authority is the authority of an individual to control the disposition of assets […]
What Does A Financial Account Include For FBAR-Reporting Purposes?
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What does it mean for the taxpayer to have a “financial interest” in a foreign account?
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The Rules Governing Taxation of Foreign Nationals
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