Beneficial ownership is a pivotal yet elusive concept in the foreign financial accounts arena. Click here for the full article.
Other posts of interest:
U.S. Persons’ Reporting Obligations Regarding Foreign Financial Assets
OVDP Often a Bad Choice for Foreign Accounts Compliance
You May Only Need to File Delinquent FBARs
Reporting Horrors of Foreign Mutual Funds (“PFICs”)
Compliance Required of U.S. Persons Concerning Foreign Financial Accounts
Beneficial Ownership, Income Tax, and FBARs
Foreign Accounts? Here’s What You Need to Know
Our Approach to Foreign Accounts Cases
Conflicts of Interest in Handling Foreign Financial Accounts Cases
Disclosure of Indian Financial Accounts to the U.S. Government
Passive Foreign Investment Companies: U.S. Clients Should Consider Compliance
Status of Intergovernmental Information Sharing Concerning U.S. Persons’ Foreign Financial Accounts
The Use of John Doe Summonses in Identifying U.S. Persons’ Accounts