IRS Updates FATCA Foreign Asset Reporting Form 8938
February 6, 2015
The Internal Revenue Service recently released an updated version of the IRS Form 8938 “Statement of Specified Foreign Financial Assets”. Taxpayers with offshore accounts or
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IRS Ready For 2015 FATCA Enforcement and U.S. Account Disclosures By Foreign Banks
February 5, 2015
The Internal Revenue Service (IRS) is prepared to receive the account disclosures of information of U.S. taxpayers’ offshore accounts from thousands of participating foreign financial institutions
FATCA Causes Problems For U.S. Holders of Accounts in India
December 23, 2014
Increasing implementation of the Foreign Account Tax Compliance Act (FATCA) will soon cause problems for U.S. holders of unreported bank accounts in India, according to
More Americans Giving Up Citizenship For Offshore Accounts
October 10, 2014
In July 2014, the Foreign Account Tax Compliance Act (FATCA) was officially implemented, which requires foreign banks to disclose the account information of U.S. taxpayers
American Expats Sue Canada over FATCA
September 19, 2014
Two American expatriates residing in Canada have filed suit against the Canadian government for its compliance with the U.S. government’s controversial Foreign Account Tax Compliance Act (FATCA).