IRS Issues Guidance on New FATCA Withholding Obligations

IRS Issues Guidance on New FATCA Withholding Obligations

The Hiring Incentives to Restore Employment Act (the HIRE Act), in an effort to reduce the evasion of U.S. tax obligations through the establishment of accounts at foreign financial institutions (FFIs) or by holding assets through other, nonfinancial foreign entities (NFFEs), included provisions...

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