### Question
How is the "non-financial foreign entity" defined?


### Answer
The term **non-financial foreign entity** is defined in *26 U.S.C. § 1472* as follows -

> any foreign entity which is not a financial institution (as defined in section 1471(d)(5))

#### Citation:
  - *26 U.S.C. § 1472*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 4-TAXES TO ENFORCE REPORTING ON CERTAIN FOREIGN ACCOUNTS**

