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AUGUST 2012-Page 1 Smoke Signals WESTMORELAND FAYETTE COUNCIL Boy Scouts of America 2 Garden Center Drive Greensburg, PA 15601 www.wfbsa.org AUGUST 2012 VOLUME #17 ISSUE #8 For those who have ever
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What is wfbsa?
The acronym wfbsa stands for Worldwide Fatca and Broad, and System Applications.
Who is required to file wfbsa?
Financial institutions are required to file wfbsa.
How to fill out wfbsa?
To fill out wfbsa, financial institutions need to provide detailed information about their foreign accounts and comply with FATCA regulations.
What is the purpose of wfbsa?
The purpose of wfbsa is to help identify and report on foreign financial accounts held by U.S. taxpayers to prevent tax evasion.
What information must be reported on wfbsa?
Financial institutions must report on the balances, income, and account holders of foreign financial accounts on wfbsa.
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