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July 15, 2014 - The FATCA is at last here after a period of 4 years, initially developed in 2010 as an approach to make America’s corporations and private individuals stop evading America’... July 15, 2014 - The FATCA is at last here after a period of 4 years, initially developed in 2010 as an approach to make America’s corporations and private individuals stop evading America’s taxes by depositing their money into their accounts in foreign countries. The act requires foreign banks and foreign financial institutions to inform about every American who owns an account and even to hold back money from those particular clients who are suspected of tax evasion to the Internal Revenue Service (IRS) in the United States. The IRS and Treasury have important FATCA projects to complete. The IRS still has to bring up to date its withholding agreements for Withholding Foreign Trusts and Withholding Foreign Partnerships to depict FATCA, which it has guaranteed for July. In addition, there are num...

Dear Reader, Hope you heard about FATCA?  Part 1 of a bold new financial law went into effect last year. The rest will roll out, piece by piece, through the end of 2018. Few Americans have any clue about this, but hidden within H.R. Bill #2847 is a little-known provision known as “FATCA” (the Foreign Account Tax Compliance Act). Like many problematic pieces of legislation, this one sounds innocent enough. But it has major repercussions, which could expedite a worldwide flight from the U.S. dollar and ultimately result in  billions in potential losses  for U.S. citizens. To learn about the possible causes and effects of this law, a Baltimore-based research team has put together a full, written analysis of not only what they believe will happen next, but what you can do about it.  Keep read more to pay.....