The IRS can seem Scrooge-like this time of year, but not when it comes to copious guidance on FATCA—the foreign account disclosure law everyone loves to hate. See FATCA Carries Fat Price Tag. Just in ...
The Foreign Account Tax Compliance Act is fundamental as it affects how you report your finances, especially as an expat abroad. FATCA is why you may need to file a Report of Foreign Bank and ...
The Internal Revenue Service is giving foreign banks and financial institutions more time to file their forms about U.S. taxpayers with overseas bank accounts and other holdings in compliance with the ...
A practical guide for Americans living in the UAE, Saudi, Qatar, Kuwait, Bahrain, and Oman If you’ve been living anywhere in the Gulf—Dubai, Riyadh, Doha, Kuwait City—you’ve probably heard the word ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
When Congress passed the Foreign Account Tax Compliance Act (FATCA) (as part of the Hiring Incentives to Restore Employment Act, P.L. 111-147) in 2010, the Joint Committee on Taxation estimated it ...
The new IRS rules seeking to limit the use of foreign tax shelters followed a Justice Department crackdown on the Swiss bank UBS, which had helped tens of thousands of Americans hide billions of ...
The IRS suspended FATCA (Foreign Account Tax Compliance Act) information reporting requirements for certain individuals with foreign assets and shareholders of passive foreign investment companies ...
Come 1st May the Indian government has brought in some new rules and regulations into place to make the entire economic system more clear. FATCA or Foreign Account Tax Compliance Act are being ...