Dominate FATCA Passthru 2017 Strategies for Success

Participating FFIs (including Reporting Model 2 FFIs) are required to renew their FFI Agreements through the FATCA. ... 2017 in any case. Understandably, however, parties to non-US ... foreign passthru payments (Treas. Reg. § 1.1471- 2(b)(2)(i)(B)). 6 ... ... foreign passthru payments will begin;. (2) the use of limited ... 2017. A limited FFI or limited branch that becomes able to comply with ... Under the 2014 temporary regulations, such substitute payments are subject to withholding if paid after January 1, 2017 ... foreign passthru payment. As announced ... Moreover, the proposed regulations delay withholding on foreign passthru payments until 2017 at the earliest. Extension of the Transition ... In 2010, Congress passed the Foreign Account Tax Compliance Act (FATCA), to reduce tax evasion by US taxpayers holding funds in foreign accounts. account holders before January 1, 2017. The proposed regulations ... FATCA withholding on foreign passthru payments begins. Full ... 2017), foreign pass-thru payments (not before January 1, 2017) and a payment of FDAP income that would be a withholdable payment if paid by a U.S. person. SVB to begin withholding on all undocumented pre-existing entity accounts. January 2017. Withholding on gross proceeds and pass thru payments begin. Reverse ... In addition, the Treasury Department and the IRS intend to amend the regulations so that withholding on foreign passthru payments will not begin ...