1) In one of the PowerPoint slides the new IRS law known as FATCA was revealed. What does this FATCA law do?

A) The FATCA law created an international deal between the U.S. and all other nations. Basically, if a foreign nation will give the IRS financial information about what U.S. citizens are doing in their country, then the U.S. will report back to the foreign nation on what their citizens are doing in the U.S. with their finances.

B)FATCA stands for theFastActionTacticalCommandoAssault initiative. This allows U.S. Special Forces, the CIA, or other intelligence agencies to physically go into other nations to directly seize the assets of international drug lords and terrorists.

C) The FACTCA law says that any foreign national who tries to sneak money into the U.S. without paying taxes will get a minimum sentence of 20 years in a federal prison.

D) FATCA was designed to stop all money transfers of digital currency. Since digital currency like bitcoin is not under the direct control of any government, the IRS along with other U.S. agencies have developed a super software that can trcak, monitor, and even halt all digital currency trasnactions whenever they wish.