Identifying obscure but potentially costly tax issues is a skill. Solving them in the context of our client’s goals is an art, and one that Paul, Weiss practices at the highest level. Working closely with the Corporate and Restructuring Departments, our tax lawyers help clients solve problems, avoid pitfalls and uncover hidden value in all types of transactions.
Final FBAR Regulations – FBAR Filing Not Required for Offshore Private Funds for 2010
March 3, 2011
On February 23, 2011, the Department of Treasury issued final regulations regarding the requirement to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). Under the regulations, as a practical matter, an FBAR filing is not required with respect to certain offshore investment funds for 2010.