by Lance Morris | May 8, 2025 | FATCA
The Foreign Account Tax Compliance Act (FATCA) establishes critical reporting requirements for U.S. taxpayers with high-value foreign financial assets. Understanding these requirements is essential, especially for expatriates. Recent updates reveal key thresholds,...
by Lance Morris | Mar 24, 2025 | FATCA
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, plays a vital role in the U.S. government’s effort to combat tax evasion by U.S. persons with foreign financial assets....
