IRS: Offshore Banks Will Need to Disclose Precious Metals Held by U.S. Clients
Earlier this week, I participated in to a teleconference sponsored by the Society of Trust and Estate Practitioners and the International Law section of the American Bar Association. The conference addressed the expanded offshore asset disclosure requirements brought into effect by the Foreign Account Tax Compliance Act (FATCA). (For background on FATCAÂ see here, here.)