FATCA

Thursday December 04 Posted by Expat News.

What do FBAR Form 114 and FATCA have in common?

The IRS and Department of Treasury have undertaken multiple steps lately to enforce the FATCA compliance among the US citizens and green card holders. Most US expats are aware of the FBAR form 114 (Report of Foreign Bank and Financial Accounts). However, the FATCA (Foreign Accounts Tax Compliance Act) that...

Friday February 07 Posted by Expat News.

Republicans and Americans Expats Living Abroad. Will FATCA affect 2016 presidential elections?

2016 presidential elections are two years away, however, the campaign is gaining its speed. FATCA or Foreign Account Tax Compliance Act plays one of the key roles in this campaign. FATCA has been introduced to prevent tax evasion by U.S. citizens working abroad. The organization Republicans Abroad is pushing its...

Wednesday February 05 Posted by Expat News.

Canada FATCA and American Expats living Abroad

February 5, 2014 is a significant milestone in the FATCA development. FATCA stands for the Foreign Account Tax Compliance Act. We provided an extensive coverage of FATCA news affecting American expats living abroad. FATCA discussions have created a lot of controversy in Canada. Moreover, many US-Canadian taxpayers anticipated that Canada...

Tuesday January 28 Posted by Expat News.

Italy FATCA Overview – Foreign Account Tax Compliance Act

Italy is the latest country to join the FATCA club. On January 10, 2014 the United States of America and Italy signed an intergovernmental agreement under the Foreign Account Compliance Act at the headquarters of Italy’s Ministry of Economy and Finance in Rome. Earlier we provided an extensive coverage of...

Wednesday December 04 Posted by Expat News.

FATCA: Cayman Islands and Costa Rica signed the FATCA IGAs

The FATCA pool is expanding every month. At the end of November 2013 two more countries joined the FATCA. The names of these countries will surprise anybody. The Cayman Islands and Costa Rica have become 11th and 12th members of the FATCA circle. The Cayman Islands FATCA and Costa Rica...