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Archive by Month: May 2019

Taxation of American Expatriates Under FATCA

Offshore Account Update

Posted on May 6, 2019

In 2010, the Foreign Account Tax Compliance Act (FATCA) was passed by Congress and signed into law. The purpose of FATCA was to crack down on the use of offshore accounts to evade taxes. While FATCA has likely accomplished this goal, it has also made life much more difficult for American expatriates.

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