by Lawrence A. Kogan*
The Foreign Account Tax Compliance Act of 2010 (FATCA) and its regs impose certain information gathering, reporting and withholding requirements on nonfinancial foreign entities (NFEEs) operated by U.S. taxpayers overseas. In part...
New Reporting Requirements, Penalties for Foreign Financial Institutions, Account Holders
H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act, signed into law on March 18th, mandates 30 percent tax withholding on payments to foreign financial...
The final Foreign Account Tax Compliance Act (FATCA) regulations, issued on January 28, 2013, expand the categories of foreign financial institutions (FFIs) that are deemed to be in compliance with FATCA.
In general, under FATCA, U.S. withholding agents...
H.R. 2847, the Hiring Incentives to Restore Employment Act
(HIRE), was signed into law on March 18. This law contains provisions
previously included in proposed legislation in the Foreign Account Tax
Compliance Act of 2009 (H.R. 3933, S. 1934), known...
By Professor William Byrnes , - co-author of LexisNexis® Guide to FATCA Compliance ; co-author of Foreign Tax & Trade Briefs
FATCA Registration Portal Open for Business
F ATCA requires that FFIs, through a responsible officer (a.k.a....