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F an i t h E v a gel i c an l u t h era n Ch u r ch E L C A WEEK AT FAITH Sunday, September 22, 2013 3rd Grade Bibles Presented 9 & 10:30am 8:00 AM Worship 9:00 AM Worship×Education 9:00 AM Adult
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f a i t stands for Foreign Account Tax Compliance Act, it is a US tax law that aims to combat tax evasion by US persons holding accounts and other financial assets overseas.
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The purpose of f a i t is to increase transparency in the reporting of foreign financial assets and to prevent tax evasion by US persons using offshore accounts.
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