Financial Institutions (FIs) around the world find themselves with terminated FATCA accounts. As a result their Global Intermediary...

Certain entities may register in the IRS FATCA portal and, upon registration approval, receive a Global Intermediary Identification...

On March 23, 2022, the U.S. Internal Revenue Service (IRS) posted a new question and answer on its FATCA – FAQs General site: Q22. How do...

The IRS issued a reminder today re: FATCA RO certifications. "For the certification period ending December 31, 2019 (generally entities...

The deregistration of an entity from the IRS FATCA portal may be necessary as a result of the sale, liquidation or other termination of...

The IRS announced today that it is granting an automatic extension of time to submit FATCA Responsible Officer (RO) certifications for an...

Given that the departments usually handling FATCA, CRS and GDPR are swamped with a variety of other year-end tasks, this post may not be...

Your Foreign Financial Institution (FFI) has been sold or dissolved. You remember to cancel the FFI’s IRS FATCA portal registration. ...

Check your FATCA account in box and you will discover that the second Responsible Officer (RO) FATCA certification season is already upon...

If you sell, liquidate or otherwise terminate a Reporting Foreign Financial Institution (FFI) by December 31, 2018, now is the time to...

The IRS Large Business and International division (LB&I) recently announced five new compliance campaigns including a FATCA compliance...

At recent conferences IRS staff announced a change in certification requirements that has not yet been added to the IRS FATCA FAQs. ...

To comply with FATCA regulations, each Sponsored Entity must enter into a written agreement with its Sponsoring Entity. The Sponsoring...

The IRS implemented its online FATCA certification process and sent out messages to registered financial institutions this week. Check...

In anticipation of the IRS implementing its online FATCA certification process, now is the time to consider internal FATCA...

The first round of IRS compliance certifications begins this summer. The current deadline is likely October 2018: 90 days after the IRS...

The first round of IRS compliance certifications begins this summer. The certification process was supposed to have started last summer...

FATCA vocabulary has become second nature to those of us actively working on FATCA-related issues. However, clients and newcomers to the...