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OFFSHORE UPDATE: Mexico is the Third Country to Sign the FATCA with U.S.

Offshore Updates

Posted in on November 30, 2012

On November 19, 2012 Mexico signed the Foreign Account Tax Compliance Act (FATCA) agreement with the United States. The agreement sets out the Model I government-to-government approach to implementing the Act. Mexico is now the third Country to sign the FATCA; the U.K. and Demark were the first to sign the United States’ offshore initiative.

The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!

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