IRS Spent $15 Million on Flawed FATCA System Rollout

via Google Alert – FATCA

For the avoidance of doubt, I am not the author of this particular article. I am simply posting a link.

That said, I have distilled the combined FATCA, CDOT and CRS regimes into less than 300 rules that lead to complying and evidencing compliance with each of these regimes at the same time.

If you are interested in obtaining a free copy of this Rule Map, let me know via email ( and I will send you a complimentary copy.


FATCA was included as part of the HIRE ACT of 2010 to collect taxes on unreported foreign bank accounts from U.S. taxpayers. It requires foreign …