The Internal Revenue Service recently released a private letter ruling regarding the treatment of certain assets as qualifying “real estate” for real estate investment trust (REIT) purposes. That ruling effectively enabled...more
The US Department of the Treasury and the Internal Revenue Service have released what they refer to as the “last substantial package of regulations” necessary to implement the Foreign Account Tax Compliance Act (FATCA). ...more
Senate Finance Committee Chairman Max Baucus (D-Montana) has released the first of a coming series of detailed tax reform proposals, this one on international tax.
Today, Baucus also released proposals on tax...more
The IRS has released Notice 2013-69, including a draft FFI Agreement and several intended updates to the existing Treasury Regulations implementing the Foreign Account Tax Compliance Act (FATCA).
As we reported to you last week, the US Internal Revenue Service has opened the FATCA Registration Website as of August 19, 2013. This web-based system enables financial institutions to register themselves and their branches,...more
As foreshadowed in Notice 2013-43, the IRS has opened the FATCA Registration Website.
The Website is a secure, web-based system that enables financial institutions (FIs) to register themselves and their branches, if...more
On Friday, the US Treasury Department and the Internal Revenue Service announced a six-month extension to the start of the FATCA withholding and account due diligence requirements. ...more