IRS Notices Extend Date for Implementation of FATCA Provisions of the HIRE Act and Provide Additional Guidance

IRS Notices Extend Date for Implementation of FATCA Provisions of the HIRE Act and Provide Additional Guidance

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 the...

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