IRS Postpones Due Dates for FATCA Compliance
IRS announced on October 24, 2012, that it will postpone some integral- tiered start up dates, which is a welcomed delay by many in industry adversely affected by implementation of the Act.
More Swiss Bank Information Revealed to U.S.
Credit Suisse announced that it would transfer more information on its money management activities for wealthy Americans to the U.S.
IRS Issues Instructions for Streamlined FBAR Compliance
The IRS has issued instructions and a questionnaire to be used by eligible non-resident U.S. taxpayers who want to catch up on past-due filing requirements under new streamlined filing procedure that took effect on September 1, 2012.
Igor Drabkin to Speak at the FBAR and FATCA Seminar
Igor Drabkin will be speaking in an upcoming Strafford live web seminar, “FBAR and FATCA Update: Latest Foreign Account Reporting Developments”
IRS Updates FAQs for 2012 Offshore Voluntary Disclosure Program
The IRS recently released new Frequently Asked Questions (FAQs) for the 2012 Offshore Voluntary Disclosure Program (OVDP).
IRS Announces New Compliance Procedures for US Taxpayers Living Abroad
On June 26, 2012, the IRS made an Announcement IR-2012-65, rolling out the newest program in a plan to help US citizens residing overseas, as well as dual citizens, to catch up with their US tax filing obligations and provide assistance for people with foreign retirement plan issues. T