The Internal Revenue Service has released a draft version of the form that financial institutions will use to register in accordance with the Foreign Account Tax Compliance Act, or FATCA. FATCA, which ...
The Foreign Account Tax Compliance Act is fundamental as it affects how you report your finances, especially as an expat abroad. FATCA is why you may need to file a Report of Foreign Bank and ...
In response to the COVID-19 pandemic, the Internal Revenue Service has agreed to extend many deadlines. One such extension affords foreign financial institutions more time to file Form 8966. Form 8966 ...
FATCA was signed into law in March 2010 with the objective of combating international income tax reporting non-compliance by US citizens and U.S. taxpaying residents (US Taxpayers). It requires ...
Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...
Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...
The IRS has released a draft version of Form 8966, which banks and other financial institutions will use to comply with FATCA. FATCA, the Foreign Account Tax Compliance Act, comes into effect January ...
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