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Why do you need to know if I have an ownership interest in a foreign entity?
Why do you need to know if I have an ownership interest in a foreign entity?

Because the IRS needs to know...

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Written by Success Team
Updated over a week ago

Individuals and businesses who hold interests in foreign entities are subject to additional filing obligations mandated by the IRS. Failing to report these interests can lead to a $10,000 penalty imposed by the IRS.

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