National Taxpayer Advocate Collins, to Congress: 'Harmonize FBAR and FATCA reporting requirements'
Erin M. Collins, who was named last March to succeed Nina E. Olson as National Taxpayer Advocate (NTA) at the U.S. Treasury, forcefully called this week for the harmonization of FBAR and FATCA reporting requirements for overseas taxpayers – which she noted the IRS had failed to do until now, in spite of previous NTA recommendations, as well as those of such other stakeholders as the Government Accountability Office – in her first annual report to Congress.