FATCA

On February 14, 2013 the USA and Switzerland signed a FATCA agreement. We earlier discussed what is FATCA. This IGA is a significant step and has a profound impact on Swiss financial institutions and Americans expats in Switzerland. This FATCA agreement is based on the reciprocal Model II business-to-government approach...

On December 21, 2012 the USA and Ireland signed a FATCA agreement. We earlier discussed what is FATCA. This IGA has a profound impact due to many Irish citizens living in the USA and American expats in Ireland. This FATCA agreement is based on the reciprocal Model I government-to-government approach...

On November 19, 2012 the Treasury announced that the USA and Mexico signed a FATCA agreement. We earlier discussed what is FATCA. This IGA has a profound impact due to a substantial number of US-Mexican citizens living in the USA and American expats in Mexico. This FATCA agreement is based...

If you have not heard about FATCA and how it affects your return on overseas taxes, read What is FATCA. FATCA was included as a part of HIRE ACT of 2010. The main purpose of FATCA is to combat international tax evasion. FATCA requires foreign financial institutions, including hedge funds,...

What is FATCA? What is FBAR? Do they have anything in common? Should I file both of them? What is the IRS foreign compliance policy? Many American expatriates living overseas are puzzled by new IRS foreign requirements. Let’s review some general findings. Different forms. While there is some duplication between...