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?

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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?

Standard Tax Citations
Citatior.rs are Presented
rlocuments.
Statutory
Constitution
Code
Public Laws
‘freaty
Committee RePort
for illustrative and prescriptive purposes. They do not necessarily track to actual
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Regulation
-freasury Decision
Iemporary Reguiation
Proposed Regulation
Revenue Ruling
Revenue Ruling (before 2009)
Revenue Procedure
Letter Ruling
‘fechnicai Advice Memo
Notice
Annouucement
General Counsel Memorandum
Chiel Counsel Advice
Actiolr on Decision
Iudicial
Board of Tax APPeals:
GPO rePorter
Tax Court Regular:
(temporary citation)
-fax Court Regular:
GPO rePorter
‘l’zrx Court Memo:
CCH:
l’homson Reuters
Tax Court SurnmarY OPir-rion
District Court:
\Vest:
C(]H:
-1’hotnson Reuters:
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Mehan, Marty, 1’22 T.C. 396 (2004)’
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Capitalization
Proper nouns and u,ords derir.ed from them are capitalized vr’hi1e comn.ron nouns are not. The names of specitic persons, places, or things are proper nouns. Ali other nout.ts are common nouns. Examples of proper nouns include:
the Congress
Section 172(a)
Regulation S 1.102-1 or the Proposed Regulation (reterences tcl regulations in generai do not need to be
capitalized)
the Fifth Circuit
the ‘lax Court
a revenLle ruling or a private letter ruling
I talics
1n handlr,ritten or t,yped papers In4gl!$ry represerlts italics. The titles of books, magazines. nerr’spirpels,
pamphlets and court cases are shon,n in italics. Examples of items that are italicized include:
ll t t \\’ e a I th o/- .Yaticrir-i
Journal o.f ‘l axatton
Npu’ \’ork Times
Gregory t,. Helt,ering
Note: Do not italicize the titles of 1ega1 documents such as the U.S. Constitution and the U.S. Corle.
Court of Federal Claims:
West:
CCH:
Thomson Reuters:
Court of Appeals:
West:
CCH:
Thomson Reuters:
Supreme Court:
GPO:
!Vest:
CCH:
‘llhor:rson Reuters: