For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
IRS plans to unveil both final regulations under the Foreign Account Tax Compliance Act and a draft agreement banks can use to participate “well before the end of 2012,” IRS Chief Counsel Wilkins says. Both Wilkins and Tara Ferris, an attorney in Branch 2 of the IRS Associate Chief Counsel (International), stress that the government is working to provide the guidance and agreement as quickly as possible. Ferris says the draft agreement and procedures that financial institutions can use to sign up to participate in FATCA will be available in the first half of 2012.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)