The term “United States person” means: A citizen or resident of the United States. A domestic partnership. A domestic corporation. Any estate other than a foreign estate.
FATCA also requires certain U.S. taxpayers holding foreign financial assets with an aggregate value that exceeds certain thresholds to report information about those assets. Furthermore, “U.S. persons” may be required to file Treasury Department Form FinCEN 114 (Foreign Bank Account Report or “FBAR”).