TITLE

IRS Extends Implementation of Certain FATCA Provisions, Eliminates 2013 Reporting

AUTHOR(S)
Christensen III, Henry; Heller, Amy E.; Stone, J. Andrew P.; Gunther, Caitlin
PUB. DATE
July 2013
SOURCE
Venulex Legal Summaries;2013 Q3, p1
SOURCE TYPE
Law
DOC. TYPE
Article
ABSTRACT
The article reports on the U.S. Internal Revenue Service's (IRS) issuance of a notice that extends the implementation of certain provisions of the Foreign Account Tax Compliance Act (FATCA) by six months and eliminated reporting on U.S. accounts for 2013. Additional guidance is provided for foreign financial institutions (FFI) located in jurisdictions with intergovernmental agreements (IGA). The phased implementation of FATCA withholding will begin on July 1, 2014.
ACCESSION #
91833264

 

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