FACTA Archives - Robert E. McKenzie, Tax Attorney

Listen: Foreign Account Tax Reporting Act (FATCA)

February 4, 2015
Robert McKenzie
Featured, IRS Audits, Offshore Bank Accounts

Tax season is upon us, and Arnstein & Lehr’s Chicago partner Robert McKenzie helps shed some light on new rules for offshore foreign account filing. The Foreign Account Tax Compliance Act’s (FATCA) was passed in 2010 after Congress discovered the…

77,000 Foreign Banks to Share Tax Info With IRS

June 3, 2014
Robert McKenzie
IRS Criminal Investigations, Offshore Bank Accounts

The IRS is cracking down on money hidden in foreign offshore banks accounts. The Associated Press is reporting that more than 77,000 foreign banks have agreed to share information about U.S. account holders. "The list includes 515 Russian financial institutions. Russian…