< / > Click here to embed this graphic on your website
“…FATCA-bet crackers in my soup
Letters and rabbits loop da’loop
Gosh, oh gee! But I have fun
Swallowing financial groups one by one
In every bowl of soup I see
Foreign Financial Entities watching me…”
We hate to disappoint little Shirley, but alphabet soup is not always so fun. Today, our alphabet soup is FATCA flavored and trying to scoop up and swallow those letters can be quite difficult. And while there aren’t any lions or tigers in our FATCA soup, there are much more frightening people watching–the IRS. As seen through recent FATCA regulations, the IRS will soon be watching the entire world and will no longer be so forgiving to U.S. tax evaders. We are here to help you get a grasp on all this FATCA talk, so grab your spoon and eat up!