Tag Archives: FATCA

IRS Confirms Delay in Reporting Requirements for FTINs

The IRS yesterday formalized previously announced plans to allow withholding agents more time to meet requirements of obtaining foreign taxpayer identification numbers -- or a reasonable explanation for not having one -- and dates of birth on required documentation for foreign customers.

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BAFT Publishes Guidance on FATCA Compliance

BAFT -- ABA’s global transaction banking subsidiary -- today released guidance on the Foreign Account Tax Compliance Act to help practitioners comply with FATCA’s complexities and determine whether and how it applies to various trade product fee types.

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