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Foreign Account Tax Compliance Act › Coronavirus/COVID-19

The Foreign Account Tax Compliance Act is a United States federal statute enacted in 2010 as part of the Hiring Incentives to Restore Employment Act (HIRE Act). FATCA aims to improve compliance of U.S. taxpayers... more +
The Foreign Account Tax Compliance Act is a United States federal statute enacted in 2010 as part of the Hiring Incentives to Restore Employment Act (HIRE Act). FATCA aims to improve compliance of U.S. taxpayers by capturing tax revenue related to foreign assets and off-shore accounts.  less -
Fox Rothschild LLP

IRS Grants Financial Institutions Temporary Relief From FATCA Obligations Due To COVID-19

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In response to the COVID-19 pandemic, the IRS has granted foreign financial institutions a number of extensions on Foreign Account Tax Compliance Act reporting obligations due in 2020...more

Fox Rothschild LLP

IRS Postpones FATCA Reporting Deadline For Foreign Financial Institutions Due To COVID-19

Fox Rothschild LLP on

In response to the COVID-19 pandemic, the Internal Revenue Service has agreed to extend many deadlines. One such extension affords foreign financial institutions more time to file Form 8966. Form 8966 is the annual...more

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