Living and working abroad opens doors to incredible opportunities, but it also comes with unique tax responsibilities. Double ...

Here are some examples of documents you may need ... two forms that must be used to disclose offshore income: FinCen Form 114: FinCen is the U.S. Treasury’s Financial Crimes Enforcement Network.

For example, if you paid $15,000 in taxes to ... you must file an FBAR (FinCEN Form 114) with the Financial Crimes Enforcement Network (FinCEN). Failure to file can result in severe penalties.

McHenry, the Financial Crimes Enforcement Network (“FinCEN”) confirmed compliance with the Corporate Transparency Act (“CTA”) remains voluntary. On January 24, 2025, FinCEN posted the ...

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In this issue of Wilson Sonsini's Focus on Fintech, our attorneys discuss updates and developments from federal regulators, including those related ...

The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...