Tags: registration

What’s in a GIIN?

Like Social Security or Employer Identification Numbers, Global Intermediary Identification Numbers (“GIINs”) are assigned to foreign financial institutions and sponsoring entities for purposes of identifying their registration with the IRS under FATCA.  To provide consistency, each assigned GIIN will contain 19 characters, which includes three decimal points (“.”). The general GIIN format is as follows: […]

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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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