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Q&A: Get Ready for the FATCA Cliff

January 15, 2013 by Eugene Grygo

The U.S. Foreign Account Tax Compliance Act (FATCA) covers tax compliance for foreign financial assets and offshore accounts. The law requires taxpayers with foreign financial assets that exceed specified thresholds to report the assets to the Internal Revenue Service (IRS). The FATCA law will also require foreign financial institutions to report directly to the IRS… Read More >>

Filed Under: Opinion, Q&As, AML/Fraud/Financial Crime Tagged With: anti-money laundering, FATCA, IRS, PricewaterhouseCoopers, Scott Dillman, Stephen Chapman

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