FATCA The Foreign Account Tax Compliance Act, or FATCA, is the federal legislation that governs monetary establishment data reporting for U.S. accounts. FATCA requires non-U.S. monetary establishments with U.S. clients to ship the IRS details about the purchasers’ accounts, in an effort to stop tax evasion and cash laundering. The Biden administration proposal would prolong FATCA […]

The post New FATCA Reporting Rules May Hit Visitors’ U.S. Annuities & More Insurance News appeared first on CableFreeTV.

Leave a Reply

Your email address will not be published.