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F E AT U R E S SEPTEMBER 2013 VOL. 28 NO. 9 PBA CCA and FA CAA Celebrate Apprenticeship Graduation Presidents 2 Perspective 3 Program & Fax Back Form Golf 56 Tournament Sponsorship & Registration
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What is f e at u?
F E A T U stands for Foreign Account Tax Compliance Act.
Who is required to file f e at u?
U.S. persons, including individuals and entities, with foreign financial accounts exceeding certain thresholds are required to file F E A T U.
How to fill out f e at u?
F E A T U can be filled out electronically through the IRS's online portal or by submitting Form 8938 along with your tax return.
What is the purpose of f e at u?
The purpose of F E A T U is to combat tax evasion by U.S. taxpayers holding foreign financial assets.
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Information such as the maximum value of specified foreign financial accounts, name of financial institutions, and account numbers must be reported on F E A T U.
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