New Claims That HSBC Aided Tax Evaders – NYTimes.com. This is a new article that was posted tonight in the NY Times. Very interesting reading….this is not going to end pretty for HSBC or the U.S. taxpayers who hid money in this bank. Just a prediction!
FATCA Update: Important Deadlines in 2015
FATCA puts the pressure on taxpayers and foreign financial institutions to come into compliance regarding information sharing and taxes on overseas accounts with upcoming deadlines.
FATCA Investigations Reveal Overseas Banking Clients who May be Guilty of Tax Avoidance
FATCA investigations lead to a prominent overseas bank to agree to a settlement for tax non-compliance charges putting U.S. clients in hot water with the IRS.
60 Minutes Video – Bill Whitaker investigates the biggest leak in Swiss banking history and examines HSBC’s business dealings with a collection of international outlaws – CBS.com
60 Minutes Video – Bill Whitaker investigates the biggest leak in Swiss banking history and examines HSBC’s business dealings with a collection of international outlaws – CBS.com. Listen to this!!
Avoid Being Scammed by Fraudulent W-8BEN Form Requests
Tax scams are prevalent this time of year, so it is important to understand how to protect yourself against fraudulent information phishing.
Foreign Financial Institutions Must Prepare for the Future of Transparent Financial Reporting
FATCA is just the tip of the iceberg when it comes to transparency and tax reporting standards among foreign financial institutions.
FATCA Affects Mutual Fund Investment Opportunities for Americans
The strict reporting requirements related to FATCA have caused many global mutual fund investment companies to deny U.S. investors seeking to open accounts.
IRS Provides Clarification on Reporting Virtual Currency
Taxpayers are directed by the IRS on how to properly report virtual currency exchanges through services such as Bitcoin.