I just got this information directly from the FATCA international agreement between US and other countries:
Article 2 Obligations to Obtain and Exchange Information with Respect to Reportable Accounts
1. Subject to the provisions of Article 3 of this Agreement, each Party shall obtain the...
Thanks for your reply.That means that only savings account will be reported? That looks pretty simple to avoid.
I'm not sure about that. I search and found that US has signed Automatic exchange agreement with several countries. From where did you get that information?
I'm a non-US citizen and non-US resident. I have a personal checking account in a bank in the US on which I receive transfers from my customers for my freelance work. I want to know if my account will be reported back to my country under the FATCA agreement.
I was reading the FATCA Model 1A...
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