Foreign Account Tax Compliance Act (FATCA) - Internal Revenue …
Sep 23, 2025 · The Foreign Account Tax Compliance Act (FATCA) requires certain U.S. taxpayers holding financial assets outside the country to report those assets to the IRS.
Foreign Account Tax Compliance Act (FATCA): Key Rules and …
Aug 21, 2025 · Understand FATCA's rules, which compel U.S. citizens to report foreign accounts. It is designed to prevent tax evasion. Learn about compliance needs and penalties.
Foreign Account Tax Compliance Act - Wikipedia
FATCA is used by government personnel to detect indicia of U.S. persons and their assets and to enable cross-checking where assets have been self-reported by individuals to the IRS or to the …
Foreign Account Tax Compliance Act - U.S. Department of the Treasury
FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial …
FATCA – Overview & FAQs | Thomson Reuters
Nov 16, 2023 · What is FATCA? The Foreign Account Tax Compliance Act (FATCA) is a federal law that requires U.S. citizens to disclose foreign account holdings annually to curb tax evasion via offshore …
What is FATCA? Foreign Account Tax Compliance Act Explained
Oct 10, 2025 · FATCA is the acronym for the Foreign Account Tax Compliance Act, a US legislation enacted in 2010 to prevent offshore tax evasion by increasing transparency around foreign financial …
FATCA: Understanding the Foreign Account Tax Compliance Act - Trolley
Jan 11, 2024 · The Foreign Account Tax Compliance Act (FATCA) is an important facet of the United States’ actions to combat global tax evasion. Under FATCA, certain US taxpayers and foreign …
The Ultimate Guide to FATCA: Understanding the Foreign Account Tax ...
For decades, this offshore world was a black box, making it easy for some to evade U.S. taxes. The Foreign Account Tax Compliance Act (FATCA) is the law that gave the IRS a powerful, global …
Summary of FATCA reporting for U.S taxpayers
Under FATCA, certain U.S. taxpayers holding financial assets outside the United States must report those assets to the IRS on Form 8938, Statement of Specified Foreign Financial Assets. There are …
What is FATCA?: the Ultimate Guide - Nomad Capitalist
May 13, 2025 · Discover everything you need to know about FATCA in this comprehensive 2025 guide – what it is, who it affects, how reporting works and more.