With the enactment of Foreign Account Tax Compliance Act (“FATCA”), it is no longer a question of IF the IRS will discover a taxpayer’s foreign asset, but a question of WHEN. For many Americans, the thought of having offshore properties might not even register. Unlike those with millions of US dollars in offshore tax havens, the average taxpayer might invest in a foreign stock in their youth and simply forgotten about it. This is not an uncommon scenario. However, the penalties are the same for any failure to report—steep. Thus, if you have any offshore holdings whether it is securities, cash accounts, housing, or any other properties, reach out to us. Together we can get you compliant.