====== Foreign Account Tax Compliance Act (FATCA) ======

[[American Expat Retiree Financials | contents]]

enacted in 2010\\
enforced by IRS

Foreign assets reported on Form 8938, filed along with 1040

=== Reporting Thresholds ===

If living in the USA: $50,000 at year-end\\
If living outside the USA, $200,000 at year-end, or $300,000 max during the year