FATCA Enforcement Has Been Difficult Because the Internal Revenue Service

question 77

Multiple Choice

FATCA enforcement has been difficult because the Internal Revenue Service relies on ________ for reporting purposes.

• A) personal income tax returns
• B) employers and employees
• C) intermediaries (e.g., banks)
• D) foreign countries

---

Definitions:

Igneous Rock

A type of rock that forms through the cooling and solidification of magma or lava, with examples including granite and basalt.

Pyroclastic Eruption

A volcanic phenomenon involving the expulsion of hot gases, ash, and volcanic debris.

Dissolved Gas

Gases that are incorporated into magma and can expand, leading to explosive volcanic eruptions as pressure decreases.

Rhyolite

A mostly fine-grained, felsic igneous rock, generally of volcanic origin; can contain glass, volcanic ash, pieces of pumice, and variable amounts of visible crystals (phenocrysts).