FAWCO salutes National Taxpayer Advocate recommendations on FBAR & FATCA
On April 13, National Taxpayer Advocate Nina Olson issued recommendations fully in line with those of the AARO-FAWCO position paper in March 2015 with respect to financial account reporting and the “same country exception” that we have advocated for several years.
Specifically, Ms Olson recommends that:
· filing of FATCA Form 8938 not be required of taxpayers who have timely filed FinCEN...