Browsing: FATCA

Newsbytes

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.

Newsbytes

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.