FATCA? What the Heck Is It? File US Taxes From Abroad
The Foreign Account Tax Compliance Act (FATCA) requires US Citizens and Green card holders living outside of the US to report their foreign assets if they exceed certain monetary thresholds.
Foreign institutions (like banks) also need to report the assets from their American clients to the IRS. The IRS uses this information to monitor for potential illegal tax activity.
With MyExpatTaxes’ all-in-one software, you can file the FATCA and FBAR and it’s never been easier to become tax compliant!
You can watch our helpful video breakdown on Youtube for more information.