how can i avoid fatca 
there is no way to avoid fatca if you are an american taxpayer and have assets that are held in foreign financial institutions moreover the penalties for trying to avoid it are harsh the bottom linefatca requires foreign financial institutions to report on the assets held by u s account holders it also requires u s citizens and residents to file annual reports on any foreign account holdings they have filing is done by completing and sending in form 8938 depending on whether individuals live in the u s or live abroad there are different filing requirements and holding thresholds if you hold assets abroad it s important to check if you need to file as there are high penalties for not doing so 