Supreme Court to give relief to foreign account reporting

The Supreme Court has released a favorable opinion for farmers who maintain foreign bank accounts, providing relief for a potential reporting penalty.

Farm CPA, Paul Neiffer spoke with RFD-TV’s own Janet Adkison on some of the details, how it applies to farmers, and how costly the penalties can be.

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“It’s really disruptive! When you talk to farm groups and individual farmers, there is a lot of concern that this is impacting Canada’s reputation with customers around the world.”