Yesterday, the Foreign Account Tax Compliance Act (FATCA) went into effect with broad international support. FATCA was enacted in 2010 by Congress with bipartisan support to target noncompliance by U.S. citizens of tax obligations using foreign accounts. To date, the U.S. has FATCA agreements treated as in effect with nearly 100 jurisdictions and more than 80,000 financial institutions have registered with the IRS to comply.  Below is a list of online resources to help individuals, financial institutions and others understand FATCA and how they may be affected.

FATCA FAQs

Myth vs FATCA

Information for individuals 

Information for U.S. financial institutions

Information for foreign financial institutions

Information for foreign governments

Further information on FATCA can be found at the Treasury Department’s FATCA page here.

View the list of foreign financial institutions that have registered with the IRS to comply with FATCA here.

Erin Donar is a Spokesperson at the United States Department of the Treasury.