ACA's Jonathan Lachowitz speaks with Bloomberg Tax about filing form BE-10

As noted in Jonathan’s article, “Not only can you be penalized for failing to report a foreign bank account with a small balance that earns little or no interest, you can also be fined for failing to report that tiny flat in London you occasionally rent out. Jonathan Lachowitz of White Lighthouse Investment Management explains the Bureau of Economic Analysis’s Form BE-10 and foreign asset reporting requirements.”

Read more here about form BE-10 and the May 31st filing date.