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Report: IRS says bitcoin not reportable on FBAR

Posted on 30th June, 2014

Each year, investors with over $10,000 in foreign financial assets are required to filed a report with the Financial Crimes Enforcement Network (FinCEN). The report, officially known as FinCEN Form 114: Report of Foreign Bank and Financial Accounts, is still widely known in investment and accounting circles by its previous name, Foreign Bank Account Report […]