The Foreign Account Tax Compliance Act (FATCA), a federal tax law passed in 2010, requires U.S. taxpayers and foreign banks to disclose certain offshore accounts and […]
Since the global financial crisis that shook financial markets across the globe, the U.S. Congress has been particularly focused on addressing the tax gap. The tax […]
On this tax law blog, we frequently caution taxpayers holding foreign, undisclosed accounts that the U.S. government continues to redouble its efforts to detect and prosecute […]