Tax Reform came and went and FATCA is still standing. While U.S. Corporations are now moving to a Territorial tax system, Individual U.S. Taxpayers living abroad ARE STILL REQUIRED to REPORT their worldwide income.
Prior to the passage of The Tax Cuts and Jobs Act (TCJA), the U.S had a worldwide “extra-territorial” tax system for U.S. citizens, Permanent Residents and Domestic
Tagged: FATCA NEWS