US FATCA crackdown pushing demand for tax advice

Pedro Gonçalves
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US FATCA crackdown pushing demand for tax advice

As the US IRS cracks down on tax avoidance overseas with FATCA, the number of Treasury-licenced tax advisers with addresses outside of the US has jumped about 50% since 2016 according to figures from the agency. Taxpayers increasingly needing that assistance include Americans living abroad, or US expatriates. Expats are required to file a US return, even if they don't owe any US tax because they can claim credits for taxes they've paid overseas—among other benefits, according to Bloomberg....

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