Glossary entry · code section
FATCA
Foreign Account Tax Compliance Act — the §6038D / Form 8938 reporting regime requiring US persons with specified foreign financial assets to disclose them on the income tax return. Sits alongside FBAR; the two are independent and can both apply.
Canonical reference
FATCA is the §6038D / Form 8938 regime — separate from the FBAR but often filed by the same client. Both can apply. See AI for FBAR compliance for the side-by-side. Statute: IRC §6038D.
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