The Impact of the Foreign Account Tax Compliance Act (FATCA)
FATCA, the Foreign Account Tax Compliance Act, targets those who evade paying taxes by hiding assets in undisclosed foreign bank accounts but negatively impacts and penalizes American citizens overseas and US economic interests.
FATCA requires Foreign Financial Institutions (FFIs) to provide annual reports to the IRS, either directly or through...
Andy Sundberg, founder of the Children’s Citizens Rights League in 1977 and American Citizens Abroad in 1978, Secretary of the Overseas Americans Academy, indefatigable researcher and prolific writer, died on Thursday, August 30. He is being referred to...