Getting Regarding Tax Debts In Bankruptcy

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In 2011, the IRS in conjunction with Congress, decided to have a more rigorous disclosure policy on foreign incomes including a new FBAR form demands more detailed disclosure info. However, the IRS is yet to release this new FBAR structure. There is also an amnesty in place until August 31st 2011 for taxpayers who wouldn't fill form FBAR in past years.