If you are an American citizen or resident, you may be wondering how to login to the FATCA Portal. In this article, we will show you how to login to the portal using your personal account information and password.
What is FATCA?
FATCA is a tax treaty between the United States and Canada that requires certain financial institutions to report their customers' foreign financial assets and income. FATCA was enacted in 2010 as part of the American Recovery and Reinvestment Act.
If you are a US taxpayer, you need to know about FATCA. If you are a Canadian taxpayer, you need to know about FATCA. And if you are an international financial institution, you need to know about FATCA. Here's what you need to know:
What is FATCA?
FATCA is a tax treaty between the United States and Canada that requires certain financial institutions to report their customers' foreign financial assets and income. FATCA was enacted in 2010 as part of the American Recovery and Reinvestment Act.
What do I have to do if I am a US taxpayer?
If you are a US taxpayer, you have to report your foreign financial assets and income on Form 8938, Foreign Financial Assets Tax Return. Your foreign financial assets include any money (including stocks, bonds, mutual funds, etc.), property (including real estate), or interests in property that is located outside of the United States. Your foreign financial income
How does FATCA work?
The Foreign Account Tax Compliance Act (FATCA) is a United States tax law that requires certain financial institutions to report the identities and account information of U.S. taxpayers who conduct transactions with foreign financial institutions. FATCA was enacted as part of the American Recovery and Reinvestment Act of 2009.
You can access FATCA's login page by clicking on this link: https://www.fatca-portal.gov/. There, you will need to enter your user name and password. Once you have logged in, you will be able to access information about your account and make changes to your personal information.
For more information about FATCA, please visit the following website: https://www.irs.gov/businesses/small-businesses/international-taxation/fatca-information-for-small-businesses
What are the consequences of not complying with FATCA?
FATCA is a global tax compliance initiative launched in 2010 by the United States to gather financial information on foreign financial institutions. As of January 2017, over 50 jurisdictions have signed on to the program, including the UK, Canada, and France.
Failure to comply with FATCA can have serious consequences for individuals and businesses. Foreign Financial Institution (FFI) account holders who do not provide information requested by the IRS may be subject to a 30 percent withholding tax on U.S. source payments made to them, as well as an automatic blocking of U.S. access to their accounts. In addition, certain U.S.-based banks and other financial institutions may be prohibited from doing business with certain foreign FFI's due to their history of non-compliance with FATCA requirements.
There are several ways to comply with FATCA: by filing an annual report; by registering with the IRS and providing information about your foreign accounts; or by signing up for the FBAR reporting system. Each approach has its own set of requirements and benefits, so it is important to consult with an accountant or tax specialist if you are unsure which option is best for you.
How to login to the FATCA Portal?
If you are a financial institution, broker or trust company, and want to access the FATCA Portal, you can use the login credentials below. If you are not registered with the FATCA Portal, you can register now. Once registered, you will be able to access all of the resources available on the Portal.
Conclusion
If you are a Canadian resident and need to login to the FATCA Portal, there are a few things you should know. First, if you have an email address associated with your taxpayer identification number (TIN), you can login using that email address. Second, if you do not have an email address associated with your TIN, or if your email address has been changed since you last filed a tax return, you will need to contact the Canada Revenue Agency (CRA) to get access to your account information. Finally, if for any reason you cannot login or find your account information on the FATCA Portal, please phone 1-800-959-8281 and provide your TIN and date of birth.