USA
12 min read
IRS & Sri Lanka: Reporting Foreign Income & Savings
An inheritance from a relative in Colombo lands in your Sri Lankan bank account. You might see it as a private family matter, but to the IRS, it's a potentially reportable event. Ignoring this could be a severe misstep, as willful failure to report foreign accounts can trigger penalties up to 50% o...
Jan 12, 2026
35