#intergovernmental agreement

[professorwilliambyrnes]

FATCA Chapter 1 complementary download

FATCA Chapter 1 complementary download

free chapter downlaod here —> http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457671

Abstract: 

The second edition of the “LexisNexis® Guide to FATCA Compliance,” discussing the Foreign Account Tax Compliance Act of 2010 (FATCA), has been vastly improved based on over thirty in-house workshops and interviews with tier 1 banks, company and trust service providers, government revenue…

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[professorwilliambyrnes]

IRS Releases Final FATCA Form W-8BEN-E

IRS Releases Final FATCA Form W-8BEN-E

The IRS has released the new 2014 Form W-8BEN-E (2-2014) that coincides with FATCA and QI entity classification reporting requirements.

The newest version of Form W-8BEN-E must be used by entities that are beneficial owners of a payment, or of another entity that is the beneficial owner. The form has thirty parts, whereas the draft form only had twenty-seven.  All filers will complete Parts I and…

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[professorwilliambyrnes]

IRS' Intergovernmental FATCA Schema Version 1.1 User Guide Now Available

IRS’ Intergovernmental FATCA Schema Version 1.1 User Guide Now Available

The newly published IRS guide to completing the schema pursuant to an IGA explains the information required to be included in each data element of the FATCA XML schema v1.1. The guide is divided into logical sections based on the schema and provides information on specific data elements and any attributes that describe that data element.

The requirement field for each data element and its…

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[professorwilliambyrnes]

FATCA Intergovernmental Agreements (IGA) Update

As of January 29, 2013 the U.S. has nineteen IGAs signed and published, although others have been agreed in principle but not yet signed.   Sixteen of the current nineteen IGAs are based on Model 1: Costa Rica, Denmark, France, Germany, Guernsey, Ireland,…

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