What is a US person for FATCA and 1099-K tax reporting purposes?

A US person generally includes the following:
  • A US citizen or resident individual, including US citizens living outside the US or US citizens and residents operating a business outside the US (This includes green card holders.)
  • A corporation or partnership organized in the US or under the laws of the US or any state thereof, including where the entity is operating a business outside the US
  • A trust if (i) a court within the US would have authority under applicable law to render orders or judgments concerning substantially all issues regarding administration of the trust, and (ii) one or more US persons have the authority to control all substantial decisions of the trust, or an estate of a decedent that is a citizen or resident of the US
For more information, see the IRS website.