An increasing number of U.S. residents and businesses are
required to file a Report of Foreign Bank and Financial Accounts
(TD F 90-22.1) with the U.S. Department of Treasury. Many
overlook this filing requirement, which may result in civil
penalties, criminal penalties, or both.. . .
On February 17, 2009, President Obama signed into law the
“American Recovery and Reinvestment Act of 2009” (the 2009
economic stimulus act). The purpose of this newsletter is to
inform you of how this act will affect individuals and families..
. .
