Which act identifies the U.S.taxpayers who hold financial assets in non-U.S.financial institutions and offshore accounts?

Question

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The Foreign Account Tax Compliance Act (FATCA) identifies U.S. taxpayers who hold financial assets in non-U.S. financial institutions and offshore accounts by requiring foreign financial institutions to report information about their U.S. account holders to the IRS. This helps the IRS to ensure compliance with U.S. tax laws and to reduce offshore tax evasion.

Which Act Identifies the U