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Wednesday, January 23, 2013
On December 26, 2012, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued Notice 2012-2, which extends for certain filers the due date for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (the “FBAR”), to June 30, 2014.[1]
Specifically, the extension applies with respect...
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Wednesday, January 23, 2013
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Wednesday, January 25, 2012
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Tuesday, October 4, 2011
On July 14, 2011, the Internal Revenue Service issued Notice 2011-531announcing plans to phase in the requirements of the Foreign Account Tax Compliance Act ("FATCA"), which targets noncompliance by U.S. taxpayers holding foreign accounts. The Notice addresses certain compliance, reporting, and withholding deadlines and discusses substantive and...
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Tuesday, May 31, 2011
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Tuesday, March 1, 2011
On December 22, 2010, President Obama signed into law the Regulated Investment Company Modernization Act of 2010 (the "Act"). The Act updates certain tax rules applicable to regulated investment companies ("RICs"), including open-end mutual funds and closed-end funds. Unless otherwise noted, all of the provisions below will be...
