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FATCA Compliance

On March 18, 2010, the FATCA (Foreign Account Tax Compliance Act) provisions of the HIRE Act (Hiring Incentives to Restore Employment Act of 2010) were signed into law.  The FATCA provisions are designed to mitigate offshore tax evasion through increased information reporting and tax withholding requirements. 

FATCA has its origins in the difficulties that U.S. officials have in obtaining adequate information on U.S. persons with offshore accounts, particularly with respect to those offshore accounts in countries with tax secrecy.  In particular, the qualified intermediary regime, which was implemented to assist U.S. officials in identifying the offshore accounts of U.S. persons, was believed to be inadequate to obtain the necessary information for ensuring that all U.S. persons with offshore accounts were tax compliant.  The purpose of FATCA is to provide transparency regarding the offshore financial income and assets of U.S. citizens or U.S. taxpayers.

The Law Office of Deborah J. Jacobs has followed the development of the law and regulations governing FATCA.  If you have questions about the impact of FATCA on you or your organization, we are ready to assist you in understanding and meeting your FATCA obligations.

We look forward to working with you to resolve your international tax matters.


The Law Office of Deborah J. Jacobs, located in New York City, represents clients worldwide on international tax matters under the tax laws of the United States. Our practices areas consist of International Tax Compliance (including, but not limited to, Offshore Voluntary Disclosure Programs, Streamlined Offshore Compliance Procedures ((both Domestic and Foreign)), Dual Citizenships, FBAR Compliance and FATCA Compliance) and International Tax Planning (including, but not limited to, Cross-Border Transactions, Tax Treaty Planning, Foreign Tax Credit Planning, Repatriation Planning and Deferral Planning). Our clients are individuals, foreign companies and entities, and financial institutions doing business or residing in the United States, or individuals, U.S. companies and entities, and financial institutions doing business or residing abroad. We look forward to working with you to resolve your international tax matters. Attorney Advertising.



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