Would some one explain what is FATCA? Why was it intreduced? What impact does it have on USC living abroad?
Tax Professional Answers
You can also review the instructions to Form 8938 for the various thresholds for filing. Please keep in mind that FATCA reporting is in addition to any U.S. federal tax return, FBAR or other information return that you might have to file.
Meet Leading Tax Advisors
Federal Tax Credits & Incentives Practice Leader
New York, NY
CEO/Certified Financial Advisor
Rancho Santa Fe, CA
San Jose, CA
Long Beach/ Park City, CA