FATCA Explained: Expat Ryan Socash’s Fight for Tax Reform
Understanding FATCA: A Brief Overview The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, is a federal law that aims to curb offshore tax evasion by U.S. citizens. This legislation requires foreign financial institutions (FFIs) and certain non-financial foreign entities (NFFEs) to report data about financial accounts held by U.S. taxpayers. FATCA applies to […]
FATCA Explained: Expat Ryan Socash’s Fight for Tax Reform Read More »