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Transcript/Test Score Request Form Gateway Technical College District Records Office 1001 S. Main Street Racine, WI 53403 PH. (262) 619-6214/ FAX (262) 619-6657 PART 1 Gateway Technical College Transcript
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FRMDR stands for Foreign Account Tax Compliance Act (FATCA) Reporting and with these regulations, US taxpayers with specified foreign financial assets that exceed certain thresholds must report those assets to the IRS.
US taxpayers with specified foreign financial assets that exceed certain thresholds are required to file FRMDR.
FRMDR can be filled out online through the IRS website or through a tax professional.
The purpose of FRMDR is to ensure US taxpayers with foreign financial assets are reporting those assets to the IRS.
Information such as the value of the foreign financial assets, the type of assets, and any income generated from those assets must be reported on FRMDR.
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