Preliminary Guidance on FATCA Issued Notice 2010-60, 2010-37 I.R.B.

Preliminary Guidance on FATCA Issued Notice 2010-60, 2010-37 I.R.B.

On August 27, 2010, the IRS unveiled initial guidance on the Foreign Account Tax Compliance Act (FATCA) provisions of the Hiring Incentives to Restore Employment Act in Notice 2010-60. The FATCA provisions are designed to detect U.S. persons who may be evading U.S. tax by holding income-producing...

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