The Foreign Account Tax Compliance Act

By |2010-08-04T09:58:58-04:00August 4th, 2010|Foreign Income and Accounts, International Tax|

Taxpayers face more disclosures and potential penalties. By KEVIN E. PACKMAN, ESQ. and MAURICIO D. RIVERO, ESQ. AUGUST 2010 Source: Journal of accountancy A key component of the federal government’s push for heightened tax compliance among U.S. taxpayers with foreign accounts and assets is the Foreign Account Tax Compliance Act [...]