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Amended Regulation Foreign Financial Institutions

Blank Rome LLP

FATCA Update: Treasury Clarifies Obligations of Participating FFIs to Report Pre-Existing Accounts

Blank Rome LLP on

Earlier today, Treasury and the IRS issued yet another correcting amendment to the previously-issued regulations implementing the Foreign Account Tax Compliance Act (FATCA). FATCA become effective on July 1, 2014, and...more

Ballard Spahr LLP

Treasury Extends FATCA Compliance Date, Announces Other Amendments Affecting Foreign Banks

Ballard Spahr LLP on

The Internal Revenue Service (IRS) recently announced in Notice 2014-33 that 2014 and 2015 will be transitional years from an administrative and enforcement perspective regarding the implementation of the Foreign Account Tax...more

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