Credit to: Latest Offshore News : What To Do If You Receive A FATCA Letter
If ever one of you guys will received a FATCA letter,
please don't ignore it.
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FATCA letters are going out from banks around the world to millions of US expats in readiness for reporting their financial information to the Internal Revenue Service (IRS). If you are one of the 8 million US expats subject to the Foreign Account Tax Compliance Act (FATCA), what do you do if you receive one of these letters? It’s important not to ignore the letter, which usually arrives with a Form W-9 or W-8. The bank wants the forms back to confirm whether any customer is a US taxpayer and subject to FATCA. Expats should complete the forms and send them back to the bank within the time limit. Ignoring the letter will lead to the immediate closure of any bank account. |
please don't ignore it.
What To Do If You Receive A FATCA Letter