Archive for November, 2013

Cayman Islands and Costa Rica Finalize IGAs

After recovering from a full Thanksgiving meal, the Treasury Department finally released the finalization of the Cayman Islands IGA (Model 1B) and Costa Rica (Model 1A).  Given the large financial hub that the Cayman Islands serves, this agreement serves as solid start in the right direction for the many many foreign financial institutions domiciled there. […]

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France Enters into Model 1A IGA

The Treasury Department has just released the language of the final IGA between the United States and France.  Because of the Model 1A nature of the IGA, reporting entities must report the required information to their own country’s competent authority.  From here, the governments will exchange information between each other. The language of the IGA […]

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Draft 2014 1042-S Instructions Released

The IRS has released draft instructions for the 2014 Form 1042-S.  This is of importance because this will be the first reporting year where FATCA will be in effect.  We have already seen a draft of the form itself, but the instructions may be able to provide answers to any new form fields that may […]

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