In the News


IRS Streamlined Offshore Procedures May be Used to Rectify Delinquent U.S. Reporting Obligations

  • picture of Jennie Cherry
    Jennie Cherry
  • picture of Elizabeth Martin
    Elizabeth Martin

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