The U.S. Department of the Treasury and Internal Revenue Service IRS recently released temporary regulations T.D. 95671 relating to provisions of the Hiring Incentives to Restore Employment HIRE Act2 that require individuals to report foreign financial assets with their U.S. income tax returns. The reporting is required for all tax years beginning after March 18, [...] Related posts:United Kingdom: Draft Finance Bill for 2012United States: Guidance on Reporting Requirements of Foreign Financial Assets