Dumaguete Info Search


Best Posts in Thread: FATCA COMING TO THE PHILIPPINES - US CITIZENS GET READY!

  1. PatO

    PatO DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Marines

    Messages:
    6,071
    Trophy Points:
    451
    Ratings:
    +4,532 / 1,016
    If you have to submit and sign FATCA compliance with your local bank, the bank will take one copy to submit to satisfy their requirement and send that copy to FATCA and you will receive the other copy. If your income requires you to file a tax return for that year, you would submit that FATCA form with your return. If you do not have to file a tax return, you do not have to submit your copy of the FATCA Form.
     
    • Informative Informative x 2
  2. daanlungsod

    daanlungsod DI Member

    Messages:
    185
    Trophy Points:
    188
    Occupation:
    Retired
    Location:
    Dumaguete
    Ratings:
    +83 / 11
    There are no papers as the FATCA report to the US Treasury is only done during a live online Internet session. But when you file your IRS tax return there is a Form 8938 where you must also report your foreign accounts.

    Do the tax return first then the FATCA report is a simple copy & paste to an interactive PDF form you can easily do yourself.
     
    • Informative Informative x 2