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OFAC Authorizes Provision of Tax Preparation Services to U.S. Individuals Located in Russia


On July 14, 2022, the Department of Treasury’s Office of Foreign Assets Control (OFAC) issued General License (GL) 44 authorizing transactions ordinarily incident and necessary to the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of tax preparation or filing services to any individual who is a United States person located in the Russian Federation, which are otherwise prohibited by a May 8, 2022 OFAC determination under section 1(a)(ii) of Executive Order 14071, which prohibits U.S. persons from providing any accounting, trust and corporate formation, or management consulting services to any person located in Russia. GL 44 does not otherwise authorize transactions prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 C.F.R. part 587.


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