Contact Us Follow Us :      | Find Us |
CBIZ Tofias

Subscribe to Our Blog

Client Satisfaction Survey Results


Follow Us

Increased Scrutiny of Foreign Accounts is Fast Becoming a Reality
Posted by Kristen Shepley on Wed, Oct 3, 2012 @ 09:13 AM

U.S. Department of Treasury Releases Model Intergovernmental Agreement on Foreign Asset Reporting

Agreement Works to Prevent Tax Evasion

The U.S. Department of the Treasury has issued a model intergovernmental agreement to implement the information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA). The provisions are intended to combat offshore tax evasion, and they require foreign financial institutions (FFIs) to report to the IRS information about certain financial accounts.  

Read More

Topics: FATCA, Kristen Shepley, tax, tax-exempt, IRS, FSA Assessment, Foreign asset reporting

Popular Posts