Hey Anthony, we are continuing our series about FATCA. Today, we want to talk about what to do if you receive a FATCA letter from a bank. Just to explain to everyone, we have done a couple of videos already where we go into depth about what FATCA is. But to sum it up, FATCA is a federal law that requires all US taxpayers, even those living outside of the US, to report their non-US financial accounts yearly. It also requires all non-US financial institutions to search their records for suspected US persons and report their identities and assets to the US Treasury. That's the basic information. You're getting really good at this! I just read it off the paper I had, but I think you wrote that paper. Yes, I did, and I understand what it is. So let's talk about what a FATCA letter is, right? I've seen a few of these. The first FATCA letters we started seeing were from Switzerland. In 2013, we saw the first round of FATCA letters going out, and a lot of people were surprised. The IRS thought that all these people with offshore accounts were intentionally evading taxes, but it was more along the lines of somebody with a retirement account in Switzerland questioning what the letter was about and thinking they didn't need to report it or pay taxes on it because it's in Switzerland. Even H&R Block back then was saying you don't have to report. They didn't know. I actually heard that they're trying to do disclosures now, getting into the disclosure business. The people responsible for a lot of the mistakes are now going to be the ones to help you clear up the mess. Interesting, right? So, a FATCA letter is a letter from your foreign...