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October 11, 2015
The IRS Probably Knows (or will soon know) About Your Foreign Bank Account Congress has known for decades that American citizens are hiding money offshore.  Congress finally decided to give the IRS some strong enforcement tools and enacted the Foreign Account Tax Compliance Act (FATCA) back in 2010 to combat the offshore problems.  Under FATCA,...
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The attached articles were written based on the state of the law as of the date written.  The authors of the attached articles assumes no responsibility to update the content of the articles as a result of any changes in the law.  Anybody reviewing the attached articles should consult with the authors of the articles, or their professional tax or legal advisor to verify the current status of the law as it relates to their own personal transactions.