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Rev. 3×14 FACTS WHAT DOES UCLA CREDIT UNION DO WITH YOUR PERSONAL INFORMATION? Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit
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What is facts what does wcla?
Facts stands for Foreign Account Tax Compliance Act. It is a U.S. law that requires financial institutions worldwide to report information about their U.S. account holders to the IRS.
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Financial institutions, including banks, investment firms, and other financial entities, are required to file FATCA reports.
How to fill out facts what does wcla?
Financial institutions can fill out FATCA reports electronically through the IRS's online portal.
What is the purpose of facts what does wcla?
The purpose of FATCA is to prevent tax evasion by U.S. citizens using foreign accounts to hide assets.
What information must be reported on facts what does wcla?
Financial institutions must report information about U.S. account holders, including their names, addresses, account numbers, and balances.
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