Treasury and the Internal Revenue Service have made several announcements in the past fews days as the steady march of FATCA implementation continues. 2. On January 7, 2015, the IRS published an ...
The Internal Revenue Service has released for public comment draft versions of three forms for complying with the Foreign Account Tax Compliance Act, or FATCA. FATCA was included as part of the HIRE ...
US citizens living overseas face increasingly strict requirements for reporting foreign financial accounts. The Foreign Bank Account Report (FBAR) and the Foreign Account Tax Compliance Act (FATCA) ...
The IRS issued a request for comment on two new proposed FATCA-related forms on August 15, 2012. The first is Form 8956, Application for Foreign Account Tax Compliance Act (FATCA) Individual ...
Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...
The Internal Revenue Service has released a draft version of a new form for reporting on foreign bank accounts under the Foreign Account Tax Compliance Act. FATCA, which was enacted as part of the ...
It’s taken some time, but it’s harder for U.S. citizens to hold foreign accounts away from the eyes of the IRS. FATCA, the Foreign Account Tax Compliance Act, was signed into law in 2010 with the goal ...
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