Tax Law

Recent Posts

DC Court Rejects Bankers Attack on FATCA Regs
Posted on 3 Feb 2014 by Jack Townsend

In Fla. Bankers Ass'n v. United States Dep't of Treasury, 2014 U.S. Dist. LEXIS 3521 (D.D.C. 2014), here , the court sustained the IRS regulations "the regulations requir[ing] U.S. banks to report the amount of interest earned by accountholders... Read More

Tags: offshore bank accounts , FACTA , banks , offshore tax evasion

FATCA (Foreign Account Tax Compliance Act) Proposed Regulations
Posted on 26 Jun 2012 by Pamela Revak

The most recent proposed Foreign Account Tax Compliance Act (FATCA) regulations are designed to lighten the due diligence and compliance burden on foreign financial institutions and U.S. withholding agents, especially with respect to high value accounts... Read More

Tags: offshore bank accounts , IR 2012-15 , IRC Section 1471 , Pamela Revak , tax evasion , FATCA , non-financial foreign entity , secret bank accounts , NFFE , offshore tax evasion , foreign financial institutions , Foreign Account Tax Compliance Act

FATCA (Foreign Account Tax Compliance Act) Proposed Regulations
Posted on 26 Jun 2012 by Pamela Revak

The most recent proposed Foreign Account Tax Compliance Act (FATCA) regulations are designed to lighten the due diligence and compliance burden on foreign financial institutions and U.S. withholding agents, especially with respect to high value accounts... Read More

Tags: offshore bank accounts , IR 2012-15 , IRC Section 1471 , Pamela Revak , tax evasion , FATCA , non-financial foreign entity , secret bank accounts , NFFE , offshore tax evasion , foreign financial institutions , Foreign Account Tax Compliance Act