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Additional deadline for voluntary disclosure program

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 16 2009

The IRS is considering imposing a deadline on information reports filed by individuals who have sought to voluntarily disclose assets held in offshore accounts before the special program deadline

U.S. lawmakers introduce Foreign Account Tax Compliance Act of 2009

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 16 2009

On October 27, 2009, Senator Max Baucus (D-MT) and Representative Charles Rangel (D-NY) introduced the Foreign Account Tax Compliance Act of 2009 (H.R. 3933, S. 1934) (the “Bill”) in the U.S. Congress