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.

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 …

Aug 21, 2025 · What Is FATCA? Signed into law in 2010, the Foreign Account Tax Compliance Act (FATCA) aims to curb tax evasion by U.S. citizens through their foreign financial assets.

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 …

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 …

The Foreign Account Tax Compliance Act (FATCA) is an important development in U.S. efforts to combat tax evasion by U.S. persons holding accounts and other financial assets offshore.

Jul 15, 2022 · FATCA aimed to reduce noncompliance by requiring certain U.S. taxpayers with assets outside the United States to report those assets to the Internal Revenue Service (IRS) …

Jan 11, 2024 · FATCA, or the Foreign Account Tax Compliance Act, is a United States federal law enacted in 2010. Its primary purpose is to combat tax evasion by US citizens and residents …

The Foreign Account Tax Compliance Act (FATCA) stands as a significant piece of legislation with far-reaching implications. Enacted by the United States Congress in 2010, FATCA represents …

1 day ago · The EU Court of Justice ("CJEU") has been asked by a Belgian court about the legality of transferring EU residents' banking data to the United States under the Foreign …