The Internal Revenue Service spent nearly $380 million to implement the Foreign Account Tax Compliance Act, but so far isn’t prepared to enforce the law, according to a new report. Processing Content ...

The report, from the Treasury Inspector General for Tax Administration, acknowledged the IRS made improvements recommended in prior TIGTA reviews to strengthen the management controls on the systems ...

The Internal Revenue Service has opened its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act. Processing ...

The Treasury Department and the IRS recently released a final package of regulations to implement the Foreign Account Tax Compliance Act and amend the regulations to align them with existing tax rules ...

The Internal Revenue Service’s Taxpayer Advocate Service, an independent advocacy office within the agency, says some reporting requirements for expatriate Americans are duplicative and unnecessary.

The Internal Revenue Service on Monday launched an online registration program for the hundreds of thousands of financial firms around the world that must comply with a U.S. anti-tax evasion law or ...

The US Internal Revenue Service (IRS) has extended its deadline to April 12 for inclusion on its foreign financial institutions (FFIs) list under the US Foreign Account Tax Compliance Act (Fatca). The ...

As part of its continuing efforts to combat the serious problem of identity theft, the Internal Revenue Service warned today that fraudsters have expanded their widening schemes to obtain identity ...