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If I recall correctly, the IRS had me download a PDF file and then "submit" the PDF form fields electronically, and sign electronically. I remember this, because it forced me to install Adobe Acrobat instead of using a much better third-party PDF viewer, because of the electronic submission stuff.
Definitely completely different than what I used, as all of my stuff came from the IRS directly.
I filled an FBAR, which is separate from your tax return, that discloses your foreign holdings. That is the "auto submit PDF" I was talking about.
The FATCA reporting is a joint venture between your banking institutions and your tax return (part III on Schedule B), with your responsibility being to report it on your return (schedule B) and the financial institution has a separate responsibility to make annual reports on behalf of their customers to the IRS (this is why some institutions have a no-American policy).
Yes that is in the format what is defined by the IRS. Our local tax authority is only a "pipe" for this file. I could send this document directly to the IRS also (needs separate registration for this) but it is a bit easier for me to send it through the Finnish Tax authority by the same time I am sending other required annual reports for them.
