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Opening TIRA and FATCA

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  • Opening TIRA and FATCA

    Hello again everyone!

    I am trying to open a TIRA and in the application it wants me to say that I am exempt from FATCA ( Foreign account Tax compliance act) . If I have an oversees account , don't I have to report it at tax time? And if I have to report it I am not exempt right? In that case it is not letting me open the account. I need to check the box that I am exempt.. this does not make sense to me. Who is exempt from reporting FATCA ?

    Thanks in advance ..
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