FATCA

October 8, 2018
First Taxpayer Convicted for FATCA Noncompliance, More IRS Enforcement Expected

First Taxpayer Convicted for FATCA Noncompliance, More IRS Enforcement Expected

The acronym “FATCA” refers to the Foreign Account Tax Compliance Act. FATCA, which was passed by Congress in 2010 as part of the Hiring Incentives to […]
September 19, 2018
What to Do if You Received a FATCA Letter from Your Bank About Foreign Account Reporting

What to Do if You Received a FATCA Letter from Your Bank About Foreign Account Reporting

If you are a U.S. citizen or resident alien with a foreign checking or savings account, at some point you will likely receive a FATCA letter […]
July 18, 2018
How U.S. Tax Laws Like FATCA Can Cost Dual Citizens Thousands

How U.S. Tax Laws Like FATCA Can Cost Dual Citizens Thousands

Tom Wallis has lived in France since his birth 40 years ago in Grenoble, a city located in the country’s southeastern region. Yet despite spending a […]
February 5, 2018
What Are the Sentencing Guidelines for Taxpayers Convicted of FBAR Violations?

What Are the Sentencing Guidelines for Taxpayers Convicted of FBAR Violations?

If you have foreign assets or income, you may be required to file an FBAR (Report of Foreign Bank and Financial Accounts) disclosing the assets to […]
December 28, 2017
With Tax Reform Underway, is it Time to Repeal FATCA?

With Tax Reform Underway, is it Time to Repeal FATCA?

If you enjoy following politics, you are already aware of the major tax reform initiatives underway in Congress. The House and Senate, having recently passed different […]
December 19, 2017
Could the Manafort Indictment Affect the GOP Tax Reform Package?

Could the Manafort Indictment Affect the GOP Tax Reform Package?

Mere days before November 2, 2017, when House Speaker Paul Ryan unveiled highlights of House Republicans’ tax reform bill – a bill which, as of mid-December, […]