What are the consequences of FATCA non-compliance for an FFI?

Non-compliant FFIs face 30% withholding on US-source payments (FDAP income and gross proceeds). Most FFIs have signed IGA agreements or registered directly with the IRS to avoid the withholding. Over 110 countries have signed FATCA IGAs.

What is the difference between FATCA and FBAR?

FATCA (Form 8938) is filed with the tax return and applies to specified foreign financial assets above $50,000/$200,000. FBAR (FinCEN 114) applies to foreign bank accounts above $10,000. Both may apply to the same accounts; FBAR has criminal penalties for willful non-filing.

FATCA Reportable Account Threshold $50k/$200k Calculator

Determine whether a financial account triggers FATCA reporting to the IRS: individual accounts $50,000 (domestic), $200,000 (overseas); entity accounts $250,000. Applies to FFIs (Foreign Financial Institutions) under IGA Model 1 and 2.

Statute of Limitations

Incident / Event Date

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⚖ For informational purposes only. Not legal advice. Consult a licensed attorney for your specific situation.

How to Use

Enter the values for the scenario you are assessing. Determine whether a financial account triggers FATCA reporting to the IRS: individual accounts $50,000 (domestic), $200,000 (overseas); entity accounts $250,000. Applies to FFIs (Foreign Financial Institutions) under IGA Model 1 and 2. Use the fatca threshold result to inform your calculation.

FATCA Reportable Account Threshold $50k/$200k Calculator

Statute of Limitations

How to Use

Frequently Asked Questions

What are the consequences of FATCA non-compliance for an FFI?

What is the difference between FATCA and FBAR?