I saw this posted Wednesday on WWW.TAX-NEWS.COM.

"The United States Treasury and the Internal Revenue Service (IRS) have stated their intent to issue guidance on the reporting requirements imposed on foreign financial institutions (FFIs) by the enactment of the Foreign Account Tax Compliance Act (FACTA) on March 18, 2010 within the Hiring Incentives to Restore Employment (HIRE) Act."

Heather wrote:

Did anyone else see this article?

"The Internal Revenue Service lost an estimated $90 million in revenue for tax year 2008 because of erroneously claimed foreign earned income tax exclusions, according to a new government report."

I found this posted at WWW.TENNESSEAN.COM on Wednesday.

"Two days after the IRS conducted a surprise morning raid on his Hendersonville home, local rapper Young Buck voluntarily filed for Chapter 13 bankruptcy in an attempt to control how creditors will be compensated, court records show."

My brother, William,told me about this.

"The federal government has decided it will not tax bonuses that Ohio is paying to thousands of veterans who served outside a combat zone during the Persian Gulf, Iraq and Afghanistan wars, two Ohio Democrats say."

Kenneth Wrote: Here's one for you -

My mother-in-law said she heard this on the radio.

she wants to know what you think.

Joanne wrote:

Did anyone else see this article?