In September 2008, the IRS website posted revisions to the Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1) that surprised many practitioners. This article discusses new traps for the ...

The Foreign Account Tax Compliance Act is fundamental as it affects how you report your finances, especially as an expat abroad. FATCA is why you may need to file a Report of Foreign Bank and ...

More than $9 billion in financial crime was uncovered by IRS criminal investigations in 2024, with offshore accounts starring in many of the cases. Plus, the U.S. government's reach now extends well ...

In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder shares his take on the effects of the Foreign Account Tax Compliance Act and common reporting standards on the ...

U.S. filing requirements mean you may also need to file tax forms and returns if you’ve bought, inherited, been gifted, or otherwise acquired assets outside of the U.S. We all know that tax season ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In an era of increasing scrutiny on offshore accounts, the U.S. government ...

HOLLYWOOD, Florida (Reuters) - U.S. tax authorities are expected to "very shortly" launch another prosecution against a foreign bank similar to the tax evasion case they pressed against Switzerland's ...