IRS

North America | 2 Jan 14

The Internal Revenue Service has published a key document aimed at helping foreign financial institutions to report to the US on the overseas accounts of US individuals, as is being required of them by the Foreign Account Tax Compliance Act, which comes fully into force on 1 July.

North America | 14 Jul 13

The US has given non-US financial institutions around the world another six months to prepare to comply with FATCA, pushing the deadline back to 1 July, 2014.

Tax & Regulation | 4 Jan 13

The oldest Swiss bank is to close, having been fined $74m by the US authorities, after pleading guilty to charges of assisting US citizens avoid paying tax.

Tax & Regulation | 29 Jun 12

The Internal Revenue Service has announced that it will help American citizens based overseas to catch up on Reports of Foreign Bank and Financial Accounts, in an apparent softening of its stance on the timely filing of US federal income tax returns.

North America | 8 Jun 12

The American tax collection agency, the IRS, has updated and issued new drafts of the W-8BEN and W-8BEN-E forms as it gears up for the implementation of FATCA next year.