Insights
Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
Dina Kapur Sanna wrote an article for the March 2012 issue of Trusts & Estates magazine that looks at new self-reporting on U.S. taxpayers with respect to their foreign financial assets. The regulations are effective for tax years beginning after March 18, 2010, which means compliance by April 17, 2012, for most affected U.S. individuals. The rules stem from the Foreign Account Tax Compliance Act (FACTA) provisions of the Hiring Incentives to Restore Employment (HIRE) Act, enacted in 2010.