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<h1 class="entry-title">Tag: FAST Act</h1>
28 Dec
going offshore priorities

Priorities For Going Offshore In 2016

I have more than a dozen bank accounts outside the United States, most associated with various businesses and investments. I have two accounts for every entity, but few entities have more than two. Why would anyone want or need more than two accounts for a single entity? The de-risking era is answering that question for […]

10 Dec
can irs revoke your passport

Can The IRS Revoke Your Passport Under FAST Act?

It’s official. The IRS can now revoke your passport if you owe them US$50,000 or more. The new law was tucked away in a new highway bill dubbed the FAST Act (Fixing America’s Surface Transportation Act) that was signed by President Obama last week. What better way to get a contentious, potentially civil rights-violating bill […]