The IRS has issued final regulations on the transfer or assignment of certain derivative contracts. A derivative is a financial instrument that is priced upon a derivation of the value of one or several underlying assets,...more
The IRS has issued Notice 2013-69, which provides guidance to foreign financial institutions (FFIs) entering into a FATCA compliance agreement with IRS.
The 50-page Notice also provides guidance to FFIs and their...more
The IRS today issued a set of corrections to its final regulations under the US Foreign Account Tax Compliance Act (FATCA).
The regulations include several corrections, clarifications, changed citations and cross...more
On August 19, the IRS announced an on-line registration system for entities that need to register under the Foreign Account Tax Compliance Act (FATCA). "Financial institutions will also be able to provide required information...more
In This Issue:
- Congress Keeps Wind Credit Alive, Adds New “Begin Construction” Requirement
- FERC Approves NERC’s “Bright-Line” BES; Revised Rules of Procedure
- Exercising Its Muscle—Enforcement Actions by the...more