Since July 1, eleven more Swiss banks have entered deferred prosecution agreements with the U.S. government. The subject is tax evasion involving American account holders. Today, banks everywhere want to know if you are compliant with the IRS. Under FATCA, the entire world is lending the IRS a hand. Meanwhile, the IRS has updated its list of the foreign banks where offshore accounts trigger a 50% (rather than 27.5%) penalty based on the highest account balances in the IRS’s long-running Offshore Voluntary Disclosure Program (OVDP).
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August 26, 2015
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August 26, 20150 Comments
India and the US recently signed a tax information sharing agreement that will facilitate exchange…
NRIs may find it difficult to invest in India despite FATCA was last modified: August 26th, 2015 by US International Tax AdvisorsPosted in: Foreign Account Tax Compliance Act (FATCA) -
August 20, 2015
The implementation of the US Foreign Account Tax Compliance Act (US Fatca) and the less…
FATCA – Taxing Issues for Self-Administered Funds was last modified: August 20th, 2015 by US International Tax AdvisorsPosted in: Foreign Account Tax Compliance Act (FATCA) -
August 18, 2015
If you are a US Citizen and are living in the UAE or are a…
New Countries on FATCA: India & UAE…What This Means For You! was last modified: August 18th, 2015 by US International Tax AdvisorsPosted in: Foreign Account Tax Compliance Act (FATCA) -
August 12, 2015
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FATCA takes effect next month in Jamaica was last modified: August 12th, 2015 by US International Tax AdvisorsPosted in: Foreign Account Tax Compliance Act (FATCA) -
August 7, 2015
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Fatca Relief Coming for U.S. Expats Via ‘Same Country Exception’? – Opinion was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Account Tax Compliance Act (FATCA) -
August 6, 2015
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Treasury Offers IGA Countries More Favorable FATCA Reporting was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Account Tax Compliance Act (FATCA) -
August 3, 2015
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Two More Banks Reach Resolutions Under Justice Department’s Swiss Bank Program was last modified: August 10th, 2015 by US International Tax AdvisorsPosted in: Blog, Foreign Account Tax Compliance Act (FATCA) -
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