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...
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Steven Goldburd and Benjamin A Goldburd
Since 1983, our tax firm has skillfully represented individuals and corporations across the United States and around the globe from our offices in New York, New Jersey, California and Florida.
Foreign Account Tax Compliance Act (FATA)
Supreme Court of Israel temporarily delays transfer of tax information to United States
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...