Sen. Rand Paul has re-introduced a bill that would repeal key provisions of the Foreign Account Tax Compliance Act which has upset many of the more than 7 million Americans living abroad. 310 more words
Tags » Foreign Account Tax Compliance Act
- “The opening of the International Data Exchange Service is a milestone in the implementation of FATCA ,” IRS Commissioner John Koskinen said in a statement Monday. 58 more words
ARE YOU READY FOR FATCA COMPLIANCE?
The due diligence on preexisting entity account held by prima facie FFI must be completed on December 31, 2014. New account due diligence procedures must also be in place to establish the FATCA (Foreign Account Tax Compliance Act) status of new entity accounts. 174 more words