Bay Area Estate And Tax Planning Law Firm
The enactment of FATCA has led to additional reporting requirements for foreign financial accounts. The Internal Revenue Service (IRS) is cracking down on those who do not properly report foreign accounts. The agency is providing incentives for those who voluntarily...
United States taxpayers around the world have been paying close attention to some of the changes being made to existing tax laws. In 2010, the Foreign Account Tax Compliance Act (FATCA) went into effect, which was designed to capture tax revenue from the overseas...
Does your estate plan account for foreign assets? Estate planning provides an opportunity to organize and account for all of one's assets. For some, this may include foreign accounts. Planning for these assets can be more complicated than others, as the Internal...
Here’s an initial point to note concerning today’s above-posed blog headline: You unquestionably do need to spotlight all foreign financial holdings you control and ensure legal compliance with Internal Revenue Service mandates. If you don’t, there will literally be a...