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 ...

Foreign financial accounts serve many entirely legitimate purposes for US taxpayers, from diversification of wealth to the ...

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 ...

Congress and the IRS have determined that taxpayers need yet an additional form to file in order to report foreign held assets. This latest filing requirement will add to the Form TD F 90-22.1 – ...

On October 30, 2018, the IRS Large Business and International division (LBI) announced the approval of a compliance campaign regarding Foreign Financial Institution (FFI) and certain Non-Financial ...

Tax Administration Jamaica (TAJ) announced on Wednesday July 20 that the new deadline for compliance reports to be submitted in accordance with the Foreign Account Tax Compliance Act (FATCA) will not ...

FBAR refers to Form 114, Report of Foreign Bank and Financial Accounts, that must be filed with the Financial Crimes Enforcement Network (FinCEN), which is a bureau of the Treasury Department. The ...

The Internal Revenue Service on Wednesday extended from March 31 to July 15 the deadline for foreign financial institutions to file Foreign Account Tax Compliance Act reports disclosing U.S. account ...