Third Parties Reporting Very Likely to Expose Non-Compliant Offshore Account Holders to IRS
By: Coleman Jackson, Attorney, CPA November 15, 2016 For approximately two years now, banks and other financial institutions, otherwise known as “Third Parties” located in foreign countries have been reporting account holders’ information, either directly to the Internal Revenue Service or indirectly through local governmental agencies pursuant to U.S. Treasury Department Intergovernmental agreements. The logical…

