IRS Proposes New QI Agreement for Foreign Banks to Comply with FATCA

The Internal Revenue Service has released new guidance on how foreign financial institutions can enter into a Qualified Intermediary agreement with the U.S. under the Foreign Account Tax Compliance Agreement, or FATCA.

Denise Hintzke

Notice 2016-42, released earlier this month, outlines the proposed QI agreement, which revises and updates the current agreement in Rev. Proc. 2014-39, released

FULL ARTICLE http://www.accountingtoday.com/news/tax-practice/irs-proposes-new-qi-agreement-for-foreign-banks-to-comply-with-fatca-78730-1.html

Tagged:

Comments are closed.