IRS Proposes Detailed Regulations Under the FATCA Provisions of the HIRE Act

IRS Proposes Detailed Regulations Under the FATCA Provisions of the HIRE Act

The Hiring Incentives to Restore Employment Act (the HIRE Act), enacted in 2010, contained provisions (now commonly referred to as FATCA) intended to reduce the evasion of U.S. tax obligations through the establishment of accounts at foreign financial institutions (FFIs) or by holding assets...

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