Financial institutions are encouraged to become familiar with the system, create their online accounts and begin submitting their information. Starting in January 2014, financial institutions will be ...

All FFI Accounts Owned by U.S. Persons: Name, Address, Taxpayer I.D., Account Number and Account Balance. March 31, 2015 (with respect to 2013 & 2014) March 31, 2015 (with respect to 2014 only; ...

On August 19, 2013, the IRS began to accept applications for registration under FATCA, the new U.S. tax regime designed to combat offshore tax evasion by U.S. taxpayers, by requiring foreign financial ...

“The registration system is the backbone of FATCA,” said IRS Commissioner John Koskinen in a statement. “These upgrades improve the FATCA process, enabling the registration of sponsored entities and ...

There has been widespread criticism of FATCA by U.S. persons abroad. In contrast, many foreign financial firms have been relatively quiet. Such firms may grumble, but must figure they have no choice ...

Since the passage of the Foreign Account Tax Compliance Act (FATCA) in 2010, rumors have been swirling around financial institutions regarding its implementation. There was talk about the US requiring ...

The Internal Revenue Service has opened its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act. Financial ...

The IRS on Monday announced the launch of an online system that foreign financial institutions (FFIs) can use to register with the agency to meet their obligations under the Foreign Account Tax ...

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New Delhi: While India is yet to sign a final pact with the US for the Foreign Accounts Tax Compliance Act (FATCA), close to 1,000 Indian financial institutions and their overseas units are believed ...

The online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA) is now open. FATCA imposes a 30% withholding tax on ...

The Internal Revenue Service has updated its online registration system for the Foreign Account Tax Compliance Act to allow foreign financial institutions to renew their agreement with the IRS.