New FATCA Guidance: Supplemental Notice Provides Additional Guidance on the Information Reporting and Withholding Rules for Foreign Financial Institutions

New FATCA Guidance: Supplemental Notice Provides Additional Guidance on the Information Reporting and Withholding Rules for Foreign Financial Institutions

On April 8, 2011, Treasury and the IRS published Notice 2011-34 (the “Notice”) providing much anticipated guidance on the information reporting provisions of the Hiring Incentives to Restore Employment Act of 2010 (commonly referred to as “FATCA”, as most of the provisions...

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