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UNIVERSIDADE CATALINA PORTUGUESE F AC U LD AD E D E T E O L CGI A LISBOACURRICULUM VITAE (bravado short version×Nome Name Data Nascimento Birthday emailAlexandre Mourinho Lopes de Brito Palma 11
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FACULD stands for Foreign Account Compliance and Unlawful Disclosure. It is a form required by the IRS to report foreign financial accounts.
US persons with foreign financial accounts holding a total aggregate value exceeding $10,000 at any time during the calendar year are required to file FACULD.
FACULD can be filled out online through the IRS website or on paper and mailed to the IRS.
The purpose of FACULD is to help prevent tax evasion by US persons holding foreign financial accounts.
FACULD requires information such as the account number, name of institution, maximum value of account during the year, and any interest or dividends received.
The deadline to file FACULD in 2024 is April 15th.
The penalty for the late filing of FACULD can be up to $10,000 per account per year.
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