Tag Archives: FinCEN
Wire Transfer Audits and FATCA: What Every Taxpayer Needs to Know
February 19, 2018Wire Transfer Audits and FATCA
What Every Taxpayer Needs to Know
by Attorney Morris N. Robinson, CPA, LLM
February 19, 2018
1. FATCA
FATCA: The Foreign Account Tax Compliance Act[1] was signed into law by President Obama on March 18, 2010. There ...
Written by:
Morris Robinson
Categories Bank Secrecy Act, FATCA, FBAR, International Information Returns, IRS, IRS Audits, IRS Tax Relief, OVDP, Streamlined Offshore Procedures, Tax Planning
Tags: AML, Bank Secrecy Act of 1970, BSA, BSA e-filing, CTR, Deny Passport, FATCA, FBAR, FFI, FinCEN, FinCen 114, FinCEN Form 114, foreign wire transfer accounts, foreign-source income, Form 3520, Form 5471, form 8858, Form 8938, form 926, IGA, open statute of limitations, recalcitrant, report of foreign bank and financial accounts, SAR, Streamlined Certification, Streamlined Procedures, suspicious activity report, unreported foreign financial