hassel free 4 steps online registration process for fatca (foreign account tax compliance act)
DESCRIPTION
To meet the Foreign Account Tax Compliance Act (FATCA) obligations an individual or any Foreign Financial Institution (FFI) must do reporting to the United States Internal Revenue Service (IRS). They can register with IRS in offline (paper form) or online method. Offline registration is time taking and requires printing of form and mail completed form to IRS by post. Online registration is much quicker, easy and can be done in just 4 steps. This presentation is made for FATCA guidance and will educate you about online registration process.TRANSCRIPT
Contact
English Helpline : 214-599-0431
Spanish Helpline : 214-599-0432
Amharic Helpline : 214-599-0431
E-mail : [email protected]
Address
6060 North Central Expressway,
Suite 443
Dallas, TX 75206-5207
IMMIGRATION & TAX LAW FIRM
www.cjacksonlaw.com
Hassel Free 4 Steps Online Registration Process for FATCA (Foreign Account Tax Compliance Act)
The Foreign Account Tax Compliance Act – FATCA was enacted in 2010 by Congress to target non compliance by United States taxpayers using foreign accounts.
Foreign financial institutions (FFIs) need to report to the Internal Revenue Service (IRS) about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest.
To register for FATCA an individual or any Foreign Financial Institution may apply on paper form, or through online registration.
The online registration process is an efficient and effective way to register, it avoids the hassle of printing, completing and mailing the paper forms.
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Here is simple 4 step Online FATCA registration process.
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Step 1: Create an Account
A Financial Institution using the online registration system can create an online FATCA account as a Single, Lead, Member or Sponsoring Entity and will get a FATCA ID to be used to log on to the Financial Institution’s online FATCA account.
Hassel Free 4 Steps Online Registration Process for FATCA (Foreign Account Tax Compliance Act)
Step 2: Complete the Registration Form
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The FATCA Registration form has 4 parts and a foreign institution will need to complete only the applicable parts of the form. Part 1- for all, Part 2- for Lead FI, Part 3- for FI, including a foreign branch of a USFI, Part 4- for all.
Hassel Free 4 Steps Online Registration Process for FATCA (Foreign Account Tax Compliance Act)
Steps 3: Submission
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After completing the registration form , submit it for approval.
Hassel Free 4 Steps Online Registration Process for FATCA (Foreign Account Tax Compliance Act)
Steps 4: Approval
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After the approval of application obtain a GIIN.
Hassel Free 4 Steps Online Registration Process for FATCA (Foreign Account Tax Compliance Act)
Contact
English Helpline : 214-599-0431
Spanish Helpline : 214-599-0432
Amharic Helpline : 214-599-0431
E-mail : [email protected]
Address
6060 North Central Expressway,
Suite 443,
Dallas, TX 75206-5207
IMMIGRATION & TAX LAW FIRM
www.cjacksonlaw.com