The IRS issued a FATCA News and Information bulletin confirming that the International Data Exchange Service (IDES) is ...

On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, ...

In past columns, I tracked the progress of the Foreign Account Tax Compliance Act (Fatca) regulation from when US regulators first set out on their effort to collect withholding tax from foreign ...

It’s cute to see movie portrayals of clumsy but good-natured Americans not fitting into some über sophisticated situation. But hearing big banks say thanks but no thanks to opening a checking, savings ...

Complying with the Foreign Account Tax Compliance Act (Fatca) is no easy task and time is running out for foreign financial institutions (FFIs) that may not have started on their compliance programmes ...

This article was published in the March 2014 issue of Middle Market Growth, a publication of the Association of Corporate Growth. It is reprinted here with permission. FATCA is the new form of 30% U.S ...

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Lucy S. Lee and Irene A. Steiner of Akin Gump Strauss Hauer & Feld write: Administrators and beneficiaries of foreign trust structures must carefully analyze their particular facts to determine, ...

The Treasury Department said Friday that due to overwhelming interest from countries around the world, it will extend by six months the start of the withholding and account due diligence requirements ...

The Internal Revenue Service has opened its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act. Financial ...

In Mark Crawford, et al., v. U.S. Department of the Treasury, et al., Case No. 16-3539 (Aug. 18, 2017), the U.S. Court of Appeals for the Sixth Circuit affirmed a district court’s decision dismissing ...