US tax and information reporting obligations have become an increasing concern for international families and their succession planning structures. Missed or late filings can result in steep penalties, even when no tax is due. The Foreign Account Tax Compliance Act (FATCA) is alerting the Internal Revenue Service (IRS) to income and accounts held by US citizens and green card holders (US persons). Download
4/2023
IRS Streamlined Offshore Procedures May be Used to Rectify Delinquent U.S. Reporting Obligations
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Jennie Cherry
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Elizabeth Martin
