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For i e n d s to r k i n g t o g e t h e r t o b u i l d an s t RO n g e r l i bra r y an n d c o m m u n i t y. Vol. 24 No. 2 Spring 2017FOSCL P.O. Box 1617 Bethany Beach, DE 199301617 3025375828
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What is fr i e n?
FR I E N stands for Foreign Account Tax Compliance Act (FATCA) Reporting.
Who is required to file fr i e n?
Financial institutions and certain non-financial foreign entities are required to file FATCA reports.
How to fill out fr i e n?
FR I E N reports can be filled out electronically through the IRS FATCA Online Registration System.
What is the purpose of fr i e n?
The purpose of FR I E N is to help prevent tax evasion by US persons using foreign accounts.
What information must be reported on fr i e n?
FR I E N requires reporting on foreign financial accounts held by US persons.
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