Understand the FATCA rules, which compel U.S. citizens to report foreign accounts. It is designed to prevent tax evasion.

Treasury and the Internal Revenue Service have made several announcements in the past fews days as the steady march of FATCA implementation continues. 2. On January 7, 2015, the IRS published an ...

In response to the COVID-19 pandemic, the Internal Revenue Service has agreed to extend many deadlines. One such extension affords foreign financial institutions more time to file Form 8966. Form 8966 ...

Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution. Additionally, it can be sent between users without ...