How has the IRS handled the challenge of US persons hiding assets outside the US? How have FBAR and FATCA reporting helped with this effort? What have been the most effective means in dealing with this problem?

How has the IRS handled the challenge of US persons hiding assets outside the US? How have FBAR and FATCA reporting helped with this effort? What have been the most effective means in dealing with this problem?

Discipline:
Accounting

Type of service:
Research Paper

Spacing:
Double spacing

Paper format:
Chicago / Turabian

Number of pages:
12 pages

Number of sources:
6 sources

Paper details:

How has the IRS handled the challenge of US persons hiding assets outside the US? How have FBAR and FATCA reporting helped with this effort? What have been the most effective means in dealing with this problem?