After Ten Years, FATCA is NOT GOING AWAY!
By EsqSocial Corporation 16/12/20
FATCA was signed into law in March 2010 with the objective of combating international income tax reporting non-compliance by US citizens and U.S. taxpaying residents (US Taxpayers). It requires Foreign Financial Institutions (FFIs) to annually report the reportable balances and income in the accounts held by their US customers to the IRS. It requires US Taxpayers to report reportable foreign financial assets and income to the IRS on an annual basis. ...
By: Foodman CPAs & Advisors