### Question
What does non-financial foreign entity mean?


### Answer
**Non-financial foreign entity** has the following meaning in *26 U.S.C. § 1472*:

> 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**

