The IRS issued a FATCA News and Information bulletin confirming that the International Data Exchange Service (IDES) is ...

The Internal Revenue Service’s Taxpayer Advocate Service, an independent advocacy office within the agency, says some reporting requirements for expatriate Americans are duplicative and unnecessary.

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) ...

After a yearlong investigation, the US Senate Finance Committee probed into a FATCA Loophole and delivered an investigative report titled “The Shell Bank Loophole” that exposes a tax evasion scheme ...

TMF Custom House Global Fund Services is offering a new Foreign Account Tax Compliance Act (FATCA) solution. The solution offers fund clients a solution to FATCA, after IRS registration deadlines. It ...

With the Foreign Account Tax Compliance Act (FATCA) coming into force on the 1 July, Multifonds has released its fully compliant module to help firms and clients meet reporting requirements. The main ...

Just in time for the Foreign Account Tax Compliance Act (FATCA), which goes into effect July 1, the IRS announced changes to its streamlined filing compliance procedures and its Offshore Voluntary ...

Despite spending more than $8.6 million so far, with another $8 million projected to be spent on developing the online portal for handling the registration of foreign financial institutions for the ...