[Updated May 2020] Since 2007, the IRS and Department of Justice has been waging war against tax evaders hiding money offshore. Unfortunately, millions of U.S. taxpayers may become victims of that war as the IRS ramps up efforts to find and prosecute Americans with unreported offshore accounts. One of the most powerful weapons in their […]
"Check The Box" Won’t Work For Foreign Financial Institutions – FATCA Compliance
by Brian Mahany I vividly remember a job application for a summer job at an oil refinery many years ago. One of the questions was, “Are you addicted to or take illegal narcotics?” You don’t have to be the brightest to work in a refinery but they didn’t clearly were concerned about stoners working around […]