Tag Archives: FATCA

Answers to Frequently Asked FATCA Reporting Questions by James W. Spencer, CPA

Posted on November 14, 2022 by Jim Spencer

The U.S. government first enacted the Foreign Account Tax Compliance Act (FATCA) over a decade ago to combat the global issue of tax evasion and make it more difficult for individuals and businesses to hide assets offshore and outside the purview of U.S. tax authorities. While foreign financial institutions bear much of the responsibility for […]