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F r e d e rick P e d an l e r s/ F r e e S ta the C l u s the r Bi CY c l e C l u b s J an n F e b 2 0 0 2 Volume 30, No. 1 GEARING UP WWW.FREDERICKPEDALERS.ORG If You Can 't Get There by Bike, There's
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What is f r e d?
F R E D stands for Foreign Account Tax Compliance Act (FATCA) Reporting System.
Who is required to file f r e d?
Financial institutions and certain individuals with foreign financial accounts are required to file F R E D.
How to fill out f r e d?
F R E D can be filled out electronically through the IRS FATCA Online Registration System.
What is the purpose of f r e d?
The purpose of F R E D is to help combat tax evasion by US persons holding accounts and other assets offshore.
What information must be reported on f r e d?
Information such as account balances, income, and identification of the account holder must be reported on F R E D.
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