Friday, May 2, 2014

IRS Provides New FATCA Guidance for Branches & Disregarded Entities

The Internal Revenue Service has provide new guidance in Issue Number:2014-11 on how branches and disregarded entities need to register for the Foreign Account Tax Compliance Act, with changes that come as a surprise for many foreign financial institutions. 

ALERT #4 indicates that New FATCA Frequently Asked Questions (FAQs) and Answers have been posted to the FATCA Website.  Topics include Responsible Officers,  Branches/Disregarded Entities and a Registration Update.  

Here is the link to the latest set of FAQs:  Latest FAQs.

Do You Have Unreported Foreign Income?
Contact the Tax Lawyers at 
Marini & Associates, P.A.  
for a FREE Tax Consultation
Toll Free at 888-8TaxAid ((888) 882-9243)



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