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Form W-8BEN-E (February 2014) Department of the Treasury Internal Revenue Service . . . . . . .W-8ECI A foreign partnership, a foreign simple trust, or a foreign grantor trust (unless claiming treaty.

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You may be exempt from FATCA if you have a beneficial interest in what the IRS recognizes as a foreign trust or a foreign estate. However, ownership of a foreign trust or foreign estate is, unfortunately, not a get-out-of-jail-free card.

FATCA requires certain U.S. taxpayers who hold foreign financial assets with an aggregate value of more than the reporting threshold (at least $50,000) to report information about those assets on Form 8938, which must be attached to the taxpayer's annual income tax return.

Use Form 8938 to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting threshold.

If the FATCA filing requirement box is checked, it may mean nothing for you. It's merely informing you that the payer is reporting the details of this Form 1099 to the IRS. On the other hand, a check in this box may mean that you are required to file a FATCA report (via Form 8938) or an FBAR.

FATCA generally requires Americans to report all their foreign assets when filing their taxes. However, there are some types of assets that are exempt from this requirement—including real estate located in the United States and certain retirement plans meaning that some expats have FATCA exemption.

FATCA obligates every Indian financial institutions/mutual funds to provide required tax related information to Indian Tax authorities of accounts held by specified US Persons. Therefore when you open a new account with mutual fund you need to provide information regarding your tax status.

You may also wish to visit the IRS website to determine if you need to complete and submit any additional IRS forms. If you are a specified US Person (see Glossary), HSBC will be required to report information about you and your account to the local tax authority or the IRS on an annual basis.

A U.S. person is any person described in IRC § 7701(a)(3) (see Explanation: §7701, Definitions Under the Internal Revenue Code (persons, Employees, Corporations, Partnerships, Etc.) ), the United States government, a State or the District of Columbia.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232