Treasury and the Internal Revenue Service have made several announcements in the past fews days as the steady march of FATCA implementation continues. 2. On January 7, 2015, the IRS published an ...
The Internal Revenue Service has released for public comment draft versions of three forms for complying with the Foreign Account Tax Compliance Act, or FATCA. FATCA was included as part of the HIRE ...
In response to the COVID-19 pandemic, the Internal Revenue Service has agreed to extend many deadlines. One such extension affords foreign financial institutions more time to file Form 8966. Form 8966 ...
Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...
If these assets meet or exceed FATCA's value thresholds, you must disclose them on Form 8938. Though it is crucial to act quickly if you have received a FATCA letter from an overseas bank, you should ...
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