The Internal Revenue Service (IRS) uses many tools to gather tax information about financial holdings United States citizens have in other countries. One of the most notable is the Foreign Account Tax Compliance Act (FATCA). This federal law essentially requires...
FATCA Compliance Attorneys
Israel Delays Transfer of U.S. Tax Information
The Foreign Account Tax Compliance Act, or FATCA, has major implications for people with dual citizenship in Israel and the United States. Under FATCA, foreign financial institutions are to provide account information for taxpayers holding more than $50,000 in foreign...