IRS Updates Online Registration System for FATCA

After a delay of several years, the IRS’s online registration system for the Foreign Account Tax Compliance Act (FATCA) now is allowing foreign financial institutions to renew their reporting agreements on the holdings of US citizens.

Enacted by Congress in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, FATCA requires that foreign financial institutions and

FULL ARTICLE http://www.accountingweb.com/tax/irs/irs-updates-online-registration-system-for-fatca

Tagged:

Comments are closed.