As of September 6, 2014, the cost is rising to US$2,350.
This June the IRS modified its offshore disclosure programs to encourage U.S. citizens to come forward and report their assets and mitigate risk of penalty or prosecution.
Ensure clients are prepared to file new T1135.
Americans in Canada are planning to battle FATCA in court.
The initial July 1, 2014 FATCA compliance deadline is fast approaching.
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