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I FA L E G A L S Y M P O S I U M MAY 35, 2020, WASHINGTON, DCE L E VAT I N G FRANCHISE L AW Stuart Freshman Partner DLA Piper LLP (US) Legal Symposium Task Force Chair2020 Legal Symposium Task Force
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i fa l e stands for Individual Foreign Account License and Entity.
Individuals and entities with foreign financial accounts are required to file i fa l e.
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The purpose of i fa l e is to report foreign financial accounts to the government for tax and regulatory purposes.
On i fa l e, you must report information such as account numbers, account balances, and income earned from foreign financial accounts.
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