Archive for October, 2014

IRS Loosens Deadline for New Accounts

The IRS announced today that the deadline for new account opening procedures for accounts opened between July 1, 2014 and December 31, 2014 would be delayed.  Instead, the pre-existing account procedures may be applied to new accounts opened during this time period.  Therefore, those entities who are subjected to the compliance rules imposed by FATCA […]

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FATCA Phishing Scam

IRS Informs of New Phishing Scam The IRS released a statement describing a new phishing scam involving FATCA that has come to its attention.  Apparently some individuals have contacted financial institutions claiming to be the IRS and have requested information on account holders. The IRS warned that it will never request this information over the phone […]

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