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FA L W I N T E R 2 01617 C ATA L O G Now offering 15 full time career training programs, over 150 part-time night classes and high school equivalency and literacy programs. BER! M E M IS RE O THEN
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Fa L L W 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 U.S. taxpayers.
Foreign financial institutions are required to file FATCA.
FATCA forms can be filled out electronically through the IRS FATCA portal.
The purpose of FATCA is to prevent tax evasion by U.S. taxpayers using foreign accounts.
Information that must be reported on FATCA includes the account holder's name, account balance, and income generated.
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