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Tax

Jan. 13, 2012

Fear factors: dual nationals and the IRS

The Internal Revenue Service is now targeting dual nationals for failure to report foreign assets. By Sanford I. Miller


By Sanford I. Millar


What do the last November's G20 discussions and the Internal Revenue Services' enforcement of foreign asset reporting have in common and why should "dual nationals" be concerned? First, a dual national is an individual who has income tax reporting requirements in two or more countries. Such a person includes individuals in the U.S. on work visas, green card holders and individuals who are citizens of the U.S. and another cou...

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