December 20, 2018

If you sell, liquidate or otherwise terminate a Reporting Foreign Financial Institution (FFI) by December 31, 2018, now is the time to deregister it.  Although you may be preparing for holiday vacation, you’ll be happy in 2020 that you won’t have to submit nil reports...

December 13, 2018

Today the IRS released proposed FATCA regulations which clarify the definition of “Investment Entity,” and eliminate withholding on payments of gross proceeds.


Gross Proceeds Withholding Eliminated


A withholdable payment is:

  • Any payment of interest (including any or...

December 10, 2018

Human Resources (HR) has the power to prevent honest employees from being investigated by the IRS.  Helping employees and their children avoid civil and/or criminal IRS investigations is as simple as alerting them to the concept of “Accidental American.”


Who Is An Acci...

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