The Department of the Treasury and the Internal Revenue Service (IRS) are extending key transitional rules for the controversial Foreign Account Tax Compliance Act (FATCA), in response to concerns from those affected by the effort of the U.S. government to enforce tax compliance for foreign financial assets and offshore accounts held by U.S. citizens overseas…. Read More >>
Special Report: Surviving the Phenomenon of FATCA
No matter how hard financial services firms try, they cannot avoid the reach of the Foreign Account Tax Compliance Act (FATCA), a law meant to curtail offshore tax evasion. In this 15-page, in-depth report, FTF News explores the complexities of meeting the FATCA deadlines and the demands of the IRS even as the government provides… Read More >>
