Tags: fatca

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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New Form W-8IMY Instructions Released

The IRS has released form instructions for the recently updated Form W-8IMY.  You can find those instructions here:  http://www.irs.gov/pub/irs-pdf/iw8imy.pdf and the form itself here:  http://www.irs.gov/pub/irs-pdf/fw8imy.pdf. Please note, there seems to be a delay in the IRS updating where its links are directed because the current link still brings you to the old instructions.  The link is valid […]

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Latest IGA Roundup

Over the past few weeks, the following countries have finalized their IGAs… Model 1: Estonia Belgium Australia Jamica Gibraltar Liechtenstein Model 2: Austria Please visit our Partner Country Status page for the text of these IGAs and the complete list of all outstanding IGAs. All pages and information contained therein are subject to this Disclaimer.

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First FFI List Released

The IRS has released the first FFI list for all FFIs that have had their registration finalized.  This list will be continue to be published and updated on a monthly basis on an on-going basis. You can search this list using our search feature at http://fatcasmart.com/confirmations.php. All pages and information contained therein are subject to […]

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Form W-8IMY Released

In one of the last forms to finish its FATCA facelift, the IRS has released a final version of Form W-8IMY. This form will continued to be used by intermediaries, foreign flow-throughs, and certain other entities as a withholding certificate to be completed and given to withholding agents. Similar to the also recently finalized Form […]

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W-8BEN-E Released

At the end of March the IRS finally released the final version of the new W-8BEN-E.  This form has been much awaited as it will be used by foreign entities to provide withholding agents with needed information to properly comply with the tradition withholding rules plus new requirements implemented under FATCA.  It has been greatly […]

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W-8BEN and W-8ECI Finalized

The IRS has recently released final versions of Forms W-8BEN and W-8ECI to accommodate new disclosure requirements under FATCA.  There are still other forms in the W-8 series that are still in draft and have not be finalized.  These include Forms W-8IMY, W-8BEN-E, and W-8EXP.  Keep in mind that the W-8BEN that has been finalized […]

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Amended FATCA Regulations

Earlier today, the IRS released a set of amendments to the final FATCA regulations.  These amendments incorporate some items that have been disclosed in a number of IRS Notices released since the final regulations were released in January 2013.  Additionally, the amended regulations include certain clarifications based on the continous comments the IRS has received. […]

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