US taxes and FATCA: ‘The time for hiding is over’

American citizens must report their worldwide earnings and assets to the IRS no matter where in the world they live.  WIth the implementation of FATCA, expats who have spent years avoiding this uncomfortable truth are being reminded of it — as well as being punished if they don’t comply.

This development has led to many foreign banks trying to track

FULL ARTICLE http://www.thelocal.no/20160126/hiding-over-us-taxes-for-expats-fatca-get-compliant-fbar-tlccu

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