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
IRS Voluntary Classification Settlement Program (VCSP): Employee or Independent Contractor?
October 3, 2014
The Voluntary Classification Settlement Program (VCSP) is a program offered by the Internal Revenue Service that provides an opportunity for taxpayers to voluntarily reclassify their workers
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).
IRS Too Slow in Tax Fraud Complaint Processing
September 19, 2014
According to a report published on September 4th by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service is processing citizen complaints of