Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Foreign Bank Account Reporting for Employee Benefit Plan Investments (PDF)
ABA Trust & Investments via Groom Law Group [Guidance Overview] Oct. 29, 2009 5 pages. Excerpt: [I]t is difficult to say what the FBAR filing requirement will look like in the future. However, the retirement plan community is working with the IRS to lessen the burden on plans, and we have already begun to see signs of progress. Specifically, the IRS recently requested comments on the current FBAR form and instructions and indicated that the Treasury is considering issuing FBAR-related regulations. This is an extremely positive development that will, we hope, result in much-needed clarification regarding the filing obligation of U.S. persons with a financial interest in or signature or other authority over a plan's foreign financial account. In particular, it provides theTreasury the opportunity to exempt retirement plans from the FBAR filing requirement or, at the very least, to limit the substantial burden the requirement places on plans and plan fiduciaries. |
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