When Form 3520 Compliance 2023-2024

Hi everyone, it's Everyday here from Sao Paulo, Brazil, with another episode of Offshore Maven. I hope the lighting is okay. It's after five in the afternoon and I just watched the kickoff of the third game of the World Cup. I'm here in Sao Paulo and my studio is very close to a really popular bar called Bar de Juarez, which is just full. So, if we get interrupted, it's because Brazil scored. By the way, it's so exciting being in Brazil during this World Cup. In the last game, I made a wrong turn. I was on my way to see Dales John of God up near Brasilia, a 12-hour drive. I made a wrong turn in Goiania, which is the largest city in goi s, and I was lost for an hour while the game was on. So, I was watching it at different places where I was getting more instructions on how to get unlost. But it was just unbelievable driving around the city when everyone is watching the game, so all the roads are empty. And today, I've never had this feeling in Sao Paulo. It's just incredible. It's a Monday afternoon mandatory holiday in this country, so that afternoon was off for everyone and only buses and emergency vehicles are moving around because everyone in the country, just about anyone, is watching the third game, Brazil's third game against Cameroon. But I just needed to make this video because a couple things: one is people are writing and getting a lot of calls and different messages about using LLCs and trusts and different offshore - it's so obvious that I'm not getting my point across. FATCA was a game changer. Foreign Account Tax Compliance Act is an enforcement rule and it changed everything. So none of the...