On January 17, 2013, the U.S. Treasury Department released final regulations implementing sections 1471 through 1474 of the Internal Revenue Code (the “Code”), commonly known as the Foreign Account Tax Compliance Act or...more
2/15/2013 - CLOs FATCA FATCA Timeline FDAP FFI Financial Institution Definition Grandfathering Rules Intergovernmental Agreements IRS NFFE PFFI U.S. Treasury Withholding Requirements
On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (the “Act”), which halts tax increases scheduled to go into effect for most Americans as part of the so-called fiscal cliff. The Act generally...more
1/4/2013 - Affordable Care Act Alternative Minimum Tax American Taxpayer Relief Act Bush-Era Tax Cuts Business Taxes Capital Gains Dividends Fiscal Cliff Income Taxes Medicare Taxes Payroll Taxes Tax Credits Tax Extensions Transfer Taxes
The Foreign Account Tax Compliance Act (“FATCA”) was enacted in 2010 as part of an effort to combat tax evasion by U.S. taxpayers holding investments in offshore accounts and through offshore intermediaries. FATCA creates a...more
11/29/2012 - Compliance FATCA FFI IRS
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