FATCA enforcement has been difficult because the Internal Revenue Service relies on ________ for reporting purposes.
A)intermediaries (e.g. ,banks)
B)employers and employees
C)foreign countries
D)personal income tax returns

Question

Quizplus · Accepted Answer

FATCA requires foreign financial institutions to report information about U.S. account holders to the IRS, making intermediaries like banks and other financial institutions a key source of information for reporting purposes.

FATCA Enforcement Has Been Difficult Because the Internal Revenue Service