New FATCA Reporting Obligations Applicable to Compensation—Action Required for 2011 Tax Returns

New FATCA Reporting Obligations Applicable to Compensation—Action Required for 2011 Tax Returns

The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010. One of the purposes of the new law was to strengthen enforcement of those US tax rules that provide for taxation of worldwide income (including income relating to another country's compensation programs) in response to the...

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