Archive | August, 2013

IRS: FATCA Extended Deadline to 7/1/14

August 23, 2013  |   Posted by :   |   FATCA/FBAR   |   0 Comments

U.S. Treasury extended until July 1, 2014 the enforcement of the new law, Foreign Account Tax Compliance Act (“FATCA”) to give foreign banks more time to comply. FATCA requires foreign banks, insurance companies and investment funds to send the IRS information about American’s offshore accounts worth more than $50,000. Robert Stack, U.S. Treasury deputy assistant […]

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