The IRS today announced that it has begun exchanging financial account information with foreign tax authorities as part of its implementation of the Foreign Account Tax Compliance Act. The exchanges took place under intergovernmental agreements permitting the IRS to receive information certain overseas tax agencies and certain foreign financial institutions about accounts held by U.S. persons. Some of these agreements also require the IRS to share information about foreign nationals’ accounts in the U.S.
ROAD to Housing Act becomes law
Among its homeownership benefits, the legislation also includes provisions related to brokered deposits, bank examinations, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.








