While there can be a lot to know about IRS requirements, foreign accounts and assets can present their own unique rules ...

and Foreign Account Tax Compliance Act (FACTA) forms to report foreign bank accounts and other financial assets. In addition to reporting and taxation, offshore accounts are subject to currency ...

The highly anticipated text of the One Big Beautiful Bill Act (the “OBBB”) was released early last week. At more than 1,110 pages long, it ...

The Foreign Account Tax Compliance Act, or FATCA, requires foreign banks to report the assets of US account holders to the Internal Revenue Service. It was designed to go after wealthy Americans ...

Under the 2010 Foreign Account Tax Compliance Act, or FATCA, foreign financial institutions are required to determine if certain accounts are held by U.S. citizens. But banks are free of that ...

The CRS and FATCA frameworks are part of international efforts to enhance tax transparency and combat global tax evasion ...