Tags » Foreign Account Tax Compliance Act

Is FATCA Legal?

There are movements afoot to question the legality of FATCA, enacted into law as part of the HIRE Act of 2010. I was asked how the United States could withhold money earned by and rightfully belonging to a foreign entity? 221 more words

Foreign Account Tax Compliance Act

FATCA, GATCA, & GOTCHA -- WHAT WE HAVE TO LOOK FORWARD TO

By now you must know what FATCA is, having been enacted into law on the coattails of the HIRE (Hiring Incentives to Restore Employment Act) passed by the US Congress in 2010. 322 more words

Foreign Account Tax Compliance Act

Sen. Rand Paul Again Targets Tax on Americans Living Abroad

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

In The News

IRS Opens FATCA International Data Exchange Gateway

This was reported today by Michael Cohn in Accounting Today published on the world wide web. The international highway is open and you are one of its first customers. 1,044 more words

Foreign Account Tax Compliance Act

Time to Debunk the Myth of the Tax-free Expat

This was written by Mandi Woodruf, a Yahoo Finance writer. It is a good overview of the ins and outs of taxes for expats. 1,106 more words

Foreign Account Tax Compliance Act

Foreign Account Tax Compliance Act (FATCA)

What is the FATCA?

Are you an American individual or business entity that had multiple financial dealings in different parts of the world? Confused about how to report your financial accounts if you had financial accounts outside the US? 302 more words

US Launches Automated Tax System to Help Detect Hidden Bank Accounts

  • “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.
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