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UGENCECORAF A T H E X CELLEKOLBE CATHOLIC COLLEGE Courage Faith ExcellenceEXPRESSION OF INTEREST FOR ENROLMENTDowling Street, PO Box 2185, Rockingham, WA, 6967 Telephone: +61 8 9592 1500 Facsimile:
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What is f a i t?
f a i t stands for Foreign Account Tax Compliance Act, which is a tax law requiring reporting of foreign financial accounts.
Who is required to file f a i t?
U.S. taxpayers with specified foreign financial assets exceeding certain thresholds must file f a i t.
How to fill out f a i t?
f a i t can be filled out electronically using Form 8938 and submitted to the IRS.
What is the purpose of f a i t?
The purpose of f a i t is to combat tax evasion by ensuring U.S. taxpayers report foreign financial assets.
What information must be reported on f a i t?
f a i t requires reporting of the value of specified foreign financial assets and certain other information.
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