TIGTA found the IRS spent hundreds of millions on FATCA oversight while examining only a handful of high-value foreign account cases.

On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, ...

Budget amendment SA 621, to repeal FATCA, the Foreign Account Tax Compliance Act, failed to reach the Senate floor. Efforts to repeal America's massive global disclosure law may not be dead, but they ...

All FATCA registered entities are advised to login to update their FATCA classification. Entities that have a certification requirement are required to update their FATCA classification. Entities that ...

IMGCAP(1)]Awareness of the implications of the Foreign Account Tax Compliance Act, also known as FATCA, is growing. Processing Content Passed by Congress in 2010 as part of the Hiring Incentives to ...

The Foreign Account Tax Compliance Act seems to be revolutionizing the way governments share tax information. Other nations are using intergovernmental agreements to piggyback on FATCA ...

Yesterday I wrote about a December-January survey of Americans living abroad showing that 31 percent of them have been actively thinking about renouncing their citizenship in the wake of the awful ...

In past columns, I tracked the progress of the Foreign Account Tax Compliance Act (Fatca) regulation from when US regulators first set out on their effort to collect withholding tax from foreign ...

The Treasury Department said Friday that due to overwhelming interest from countries around the world, it will extend by six months the start of the withholding and account due diligence requirements ...

WASHINGTON, May 8 (UPI) -- For two years, much of the global financial community has been in an uproar about a pending U.S. law that has barely been noticed in the United States. That may soon change ...

In Mark Crawford, et al., v. U.S. Department of the Treasury, et al., Case No. 16-3539 (Aug. 18, 2017), the U.S. Court of Appeals for the Sixth Circuit affirmed a district court’s decision dismissing ...