FATCA – Intergovernmental Agreements

As of today’s date the U.S. government has signed 80 intergovernmental agreements (IGA). See link for complete list from Dept. of Treasury.

The 80 IGAs will implement the Foreign Account Tax Compliance Act (FATCA) effective date 7/1/14.

Under the IGA foreign governments will disclose their U.S. account holders whose accounts are in their country (and the U.S. government will reciprocally do the same).

If you are an account holder with a foreign account in one of these countries, please call now for a consultation.

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