March 2018 JD Supra

The National Taxpayer Advocate Report for 2017 (Purple Book) is a summary of legislative recommendations that the Office of Taxpayer Advocate (OTA) believes will strengthen taxpayers rights and improve tax administration. One of the Recommendations of the OTA is to eliminate duplicative FATCA reporting where assets have already been reported on an FBAR and to provide a same-country exception for reporting financial accounts held in the country in which a US taxpayer is a bona fide resident. https://w