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CARRIER A C T O R Y A U TH O R I Z E D D E A L ER APPLICATION AND DEALER AGREEMENT
Instructions
1. To apply for the Factory Authorized Dealer program (FAD Program), complete and/or submit the documentation
required
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What is f a c t?
FACT stands for Foreign Account Tax Compliance Act, it is a U.S. tax law.
Who is required to file f a c t?
Financial institutions and certain non-financial foreign entities are required to file FACT.
How to fill out f a c t?
FACT can be filled out electronically through the IRS FATCA Registration Portal.
What is the purpose of f a c t?
The purpose of FACT is to combat tax evasion by U.S. persons holding foreign financial accounts.
What information must be reported on f a c t?
Information such as account balance, account holder's name, account number, and other identifying information must be reported on FACT.
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