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RETIREE MEDICAL AND/OR DENTAL PLAN CANCELLATION FORM FOR OFFICE USE ONLY Effective Date San Bernardino County Employee Benefits and Services Division (BSD) 157 West Fifth Street, First Floor San Bernardino,
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What is fo rmsm ed ic?
Fo rmsm ed ic stands for Foreign Account Tax Compliance Act (FATCA), which is a United States federal law requiring foreign financial institutions to report on the foreign assets held by their U.S. account holders.
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Foreign financial institutions are required to file formsm ed ic for their U.S. account holders.
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Forms for FATCA can be filled out online through the IRS FATCA Registration Portal.
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The purpose of formsm ed ic is to help prevent tax evasion by U.S. taxpayers holding assets in foreign financial institutions.
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Information such as account balances, interest, dividends, and other income earned by U.S. account holders must be reported on formsm ed ic.
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