Foreign Account Tax Compliance Act

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FATCA Envy Spreads Across Hemisphere/in , , /by

Thanks to FATCA (the Foreign Account Tax Compliance Act), the IRS is now receiving important data on formerly hidden bank accounts, but tax administrators in other countries aren’t so fortunate. Their enforcement efforts are stymied by a lack of information on offshore income. As the current spat between Colombia and Panama illustrates, revenue […] read »

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FATCA Letters Promise Disclosure To IRS, What To Do?/in , , /by

Banks Worldwide are Handing Over Americans to the IRS Under FATCA, American’s Global Disclosure Law. If Your Bank Writes You, Don’t Ignore It. read »

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51 Nations Swap Offshore Account & Tax Data, FATCA On Steroids/in , , /by

FATCA is Revolutionizing tax compliance Worldwide. Now, the OECD has assembled 51 Nations that are All on the Hunt for tax and Offshore Account Data. read »

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FATCA Poised To Go Global/in , , /by

The OECD unwrapped a new global version of FATCA to facilitate the exchange of detailed account information between governments read »

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Even Non-Owner Signers On Offshore Accounts Face FATCA And FBAR Risks/in , , /by

FATCA Means IRS scrutiny, so better come clean on offshore accounts. But it can be surprisingly confusing who must report on joint accounts. read »

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