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Strand 1F A K T R A 9010000818 DODVATEASC Applied Software Consultants, Cordova 7/1 811 03 BratislavaZpis v OR: OKR.SD Bratislava I, Flora SLO: 6007/BIO 31361161I DPH/DI SK2020301855slo TU 602103533/7500Pean
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f a k t stands for Foreign Account Tax Compliance Act.
Financial institutions and certain non-financial foreign entities are required to file f a k t.
f a k t is typically filled out online through the IRS FATCA Portal.
The purpose of f a k t is to combat tax evasion by U.S. persons holding accounts overseas.
Information such as account balances, investment income, and account holder details must be reported on f a k t.
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