The Hiring Incentives to Restore Employment Act included a number of information reporting requirements intended to increase worldwide compliance with U.S. tax laws. One of those provisions is Section ...
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 ...
If you have a foreign bank account or assets, you hopefully know how many IRS eyes are on you. See 5 Nations Join U.S. In Tax Evasion Crackdown. While it's perfectly legal to have money or assets ...
June 30 is the deadline for filing the Report of Foreign Bank and Financial Accounts (FBAR), so this week I’ll review the general reporting rules for the FBAR and also the new Form 8938 if you have ...
Individuals who are required to report interests in foreign financial assets to the IRS got guidance on the process in the form of final regulations on Thursday (T.D. 9706). The regulations finalize ...