IRS Seizes Foreign Money, Assets & Income – IRS Voluntary Disclosure

With the introduction of FATCA (Foreign Account Tax Compliance Act), the IRS has entered into bi-lateral IGA (Intergovernmental Agreements) with over 100 countries. The foreign countries have agreed to report personal account holder information to the IRS (and vice-versa). Moreover, tens of thousands of Foreign Financial Institutions have agreed to report account holder information. Moreover, the…