Sep 23, 2025 · The Foreign Account Tax Compliance Act (FATCA) requires certain U.S. taxpayers holding financial assets outside the country to report those assets to the IRS.

Aug 21, 2025 · What Is FATCA? Signed into law in 2010, the Foreign Account Tax Compliance Act (FATCA) aims to curb tax evasion by U.S. citizens through their foreign financial assets.

FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial …

FATCA is used by government personnel to detect indicia of U.S. persons and their assets and to enable cross-checking where assets have been self-reported by individuals to the IRS or to the …

Jan 10, 2026 · Practical FATCA guide: who must file Form 8938, reporting thresholds, FFI duties, penalties, and 2026 digital-asset reporting changes.

Oct 10, 2025 · FATCA is the acronym for the Foreign Account Tax Compliance Act, a US legislation enacted in 2010 to prevent offshore tax evasion by increasing transparency around foreign financial …

To help you stay compliant, here’s an overview of how the FBAR and FATCA forms work, the key differences, and how to know which forms you must file this tax season.