Banquero Irá a la Cárcel por FATCA

November 2018

El 11 de Noviembre del 2018, el Departamento de Justicia de los EE. UU. (“DOJ”) informó que el banquero Adrian Baron, https://www.jdsupra.com/legalnews/banquero-ira-a-la-carcel-por-fatca-21137/

  • JD Supra

Banker will go to jail over FATCA

November 2018

On September 11, 2018, the US Department of Justice (DOJ) reported that banker Adrian Baron https://www.jdsupra.com/legalnews/banker-will-go-to-jail-over-fatca-24456/

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Certificaciones FATCA Son Debidas El 15 De Diciembre Y Es Mejor Certificar

October 2018

Una certificación FATCA consiste en respuestas a una o más serie de preguntas que los Oficiales Responsables (RO) de ciertas entidades deben responder y enviar al IRS para confirmar el cumplimiento de las entidades con los requisitos de FATCA.  https://www.jdsupra.com/legalnews/certificaciones-fatca-son-debidas-el-15-59474/

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FATCA certifications due December 15 and it is best to certify

October 2018

A FATCA certification consists of answers to one or more series of questions that the Responsible Officers (RO) of certain entities must answer and submit to the IRS to confirm the entities’ compliance with the requirements of FATCA.  https://www.jdsupra.com/legalnews/fatca-certifications-due-december-15-47004/

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¡FATCA Se Está Enforzando A Pesar De Hipos Y Reporte De TIGTA!

August 2018

El 5 de Julio del 2018, el Inspector General del Tesoro para la Administración Tributaria (TIGTA) emitió un informe:   https://www.treasury.gov/tigta/auditreports/2018reports/201830040fr.pdf  titulado: “A pesar de gastar casi $380 Millones, el IRS aún no está preparado para hacer cumplir la Ley de Cumplimiento

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FATCA Is Being Enforced Despite Hicups And TIGTA Report!

August 2018

On July 5, 2018, the Treasury Inspector General for Tax Administration (TIGTA) issued a report https://www.treasury.gov/tigta/auditreports/2018reports/201830040fr.pdf titled: “Despite Spending Nearly $380 Million, the Internal Revenue Service Is Still Not Prepared to Enforce Compliance With the Foreign Account Tax Compliance Act”.   The report

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El Sistema De Registro FATCA Está Funcionando. ¿Estás Listo?

August 2018

El 31 de Julio del 2018, el IRS publicó una Notificación (2018-9) para informar que la Certificación de Cuentas Preexistentes (COPA) y el Proceso de Certificación Periódica (relacionada con el cumplimiento de una Entidad con varios requisitos FATCA) ahora están

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FATCA Registration System Is Up And Running. Are You Ready?

August 2018

On 7/31/18, IRS released notification (2018-9) to inform that the Certification of Pre-Existing Accounts (COPA) and Periodic Certification Process (relates to an Entity’s compliance with various FATCA requirements) are now available in the FATCA Registration System. The Updates to the

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US Passports: Taxpayers Should Act Before IRS Notifies The State Department

August 2018

US Taxpayers that come forward to the IRS to arrange payment of their seriously delinquent tax debt before the IRS notifies the US Department of state stand to achieve a better outcome regarding the potential revocation or denial of US

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Official Hope for the De-Risked?

July 2018

Deficiencies in Anti-Money Laundering (AML) frameworks and policies have triggered a significant number of Financial Institutions (FIs) to de-risk.   The FIs that de-risk as a solution to AML deficiencies are exiting client relationships and removing or restricting banking products from

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If my Virtual Currency is walking around with me, is it reportable?

June 2018

Virtual Currency (VC) storage comes in the form of a “wallet” with private digital keys. The “wallets” can be domiciled in VC exchanges that operate in the US or foreign jurisdictions.  VC exchanges domiciled in foreign jurisdictions that operate similarly

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I didn’t know that I was American

June 2018

There are Individuals out there that are US Citizens (“Americans”) and they are not aware of it.  Under US Tax Law, these individuals have US tax reporting responsibilities and tax obligations.  These Individuals are known as “Accidental Americans”.   https://www.jdsupra.com/legalnews/i-didn-t-know-that-i-was-american-12567/

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