Developments in recent years have focused a bright light on various assets owned abroad and the reporting requirements now in place.1 What a few years ago involved requirements with little relevance for farm and ranch taxpayers have, partly because of rising farm and ranch incomes and asset values and partly because of increasing sophistication of taxpayers, become important for a not insignificant number of farm and ranch taxpayers and others.
Harl, Neil E.
"Reporting Foreign Accounts and Funds and Foreign Assets,"
Agricultural Law Digest: Vol. 23
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol23/iss16/1