The Internal Revenue Service (IRS) announced that more than 54,000 taxpayers have participated in offshore disclosure programs since 2009. The programs have collected more than…
Sean McMahon presented to Kuwaiti professionals and high-income individuals with U.S. tax issues. The presentation included:
The Foreign Account Tax Compliance Act (FATCA) was enacted by Congress in 2010 as a way to target non-compliance by U.S. taxpayers using foreign accounts.…