Archive for April, 2013

New Form 1042s

The IRS has released drafts of the next generation of Form 1042/1042-S, which have been updated to accommodate the needs of FATCA. Form 1042 (draft as of 4/17/13): A substantial portion of the form remains unchanged with most of the first page consisting of the usual weekly reporting boxes.  A trend seen with other IRS forms […]

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New FATCA Form – Form 8957

The IRS has finally released a draft of the form that foreign entities will use in order to register as a Foreign Financial Institution.  Form 8957 is titled Foreign Account Tax Compliance Act (FATCA) Registration.  The form is still in draft form and should not be used for filing, but it at least provides a […]

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