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Fran c i s Do UG l an s Memorial College A Catholic College in the tradition of the De La Sale Brothers 11 February 2011 From the Principal After a pleasant summer our students and staff have returned
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FRA N C I stands for Foreign Account Tax Compliance Act.
US taxpayers holding foreign financial accounts exceeding certain thresholds are required to file FRA N C I.
FRA N C I can be filled out electronically through the IRS online portal.
The purpose of FRA N C I is to combat tax evasion by US persons holding offshore accounts.
Information such as account balances, income, and identification of foreign financial institutions must be reported on FRA N C I.
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