Instructions for IRS Form 8957 Foreign Account Tax Compliance Act (Fatca) Registration

IRS Form 8957 Foreign Account Tax Compliance Act (Fatca) Registration

This document contains official instructions for IRS Form 8957 , Foreign Account Tax Compliance Act (Fatca) Registration - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8957 is available for download through this link.

FAQ

Q: What is IRS Form 8957?A: IRS Form 8957 is a form used for Foreign Account Tax Compliance Act (FATCA) registration.

Q: What is the Foreign Account Tax Compliance Act (FATCA)?A: The Foreign Account Tax Compliance Act (FATCA) is a U.S. law that requires reporting of foreign financial accounts held by U.S. taxpayers.

Q: Who needs to file IRS Form 8957?A: Financial institutions and other entities that are required to comply with FATCA regulations must file IRS Form 8957.

Q: What information is required on IRS Form 8957?A: IRS Form 8957 requires information such as the entity's name, address, and taxpayer identification number.

Q: How do I submit IRS Form 8957?A: IRS Form 8957 can be submitted electronically through the IRS FATCA Registration System.

Q: What are the penalties for not filing IRS Form 8957?A: Penalties for not filing IRS Form 8957 can include fines and potential criminal charges.