FATCA

FATCA is the Foreign Account Tax Compliance Act enacted into law on March 18, 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act. It is a new regime for finding income overseas as a response to a landmark court case in which a large international bank agreed to pay $780 million in fines for their role in assisting U.S. citizens in evading income taxes.

Explore the FATCA portion of our education center to learn more about this new tax reporting requirement.