The Latest News on International Tax Compliance and IRS Voluntary Disclosure
US International Tax Advisors helps you to keep up with the latest news and regulations on foreign bank account reporting. Our tax and legal experts are up-to-date with the changes in FATCA and FBAR regulations, IRS amnesty programs, and the Overseas Voluntary Disclosure Program. We also share our deep expertise in international business consulting, information storage and management, litigation and investigation.
The Foreign Account Tax Compliance Act (FATCA) was enacted by the United States Congress with the intention of finding US taxpayers who have unreported foreign income and accounts. It also applies for foreign individuals, companies, or trusts that receive US income. How well do you know this new law? US International Tax Advisors can shed…
Cayman Islands investment entities that have been classified as “Reporting Cayman Islands Financial Institutions” for purposes of FATCA (or their “sponsoring entities,” if applicable) may register and file reports, as applicable, with the Cayman government by these extended deadlines without attracting adverse consequences or enforcement measures. Read the full article… Cayman Islands FATCA Compliance Deadlines…
On April 28, 2015 an announcement was published in the “Tractatenblad van het Koninkrijk der Nederlanden” stating that the Agreement between the Kingdom of the Netherlands and the United States of America to improve international tax compliance and to implement FATCA entered into force on April 9, 2015. Read the full article… FATCA IGA Agreement…
There are over 100 countries around the world that are now “FATCA-compliant.” Mexico is one of the earlier Latin American countries to comply. This means that Mexican banks will be sending to the IRS specific information regarding accounts held by U.S. persons. In this article, we discuss how FATCA is affecting the average U.S. expat…
Contact Us for Help with Foreign Bank Account Reporting
If you are struggling with international tax compliance, foreign account tax compliance, or need a foreign bank account reporting consultant, your first call should be to US International Tax Advisors at (844) 796-8565. Or simply complete our convenient online contact form to begin the process of resolving even the toughest international tax compliance issue.