Though FATCA (the Foreign Account Tax Compliance Act) became law in 2010, it wasn’t until 2014 that its provisions requiring disclosure of information about U.S. banking customers from foreign financial institutions came into full effect. Sorting through the challenging reporting mandates requires your tax accounting to have specific knowledge of foreign financial account reporting, which is outlined in a white paper on our Global Business page.

Read the full article here.

For more information, please contact Jennifer Gaitsch-Aguirre, Tax Manager.