FATCA Reporting 101 Foreign Passthru Payments

be required to withhold on foreign passthru payments until January 1, 2017. Nevertheless, if the passthru payment itself is an Income Payment ... The proposed regulations provide that withholding will not be required with respect to foreign source passthru payments paid to nonparticipating FFIs and ... FATCA indicia · A U.S. place of birth · Identification of the account holder as a U.S. citizen or resident · A current U.S. residence or mailing address (including ... The term "Nonparticipating Financial Institution" means a nonparticipating. FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not. FOREIGN FINANCIAL INSTITUTIONS (FFIs). The tax withholding fully applies to Withholdable Payments in any case, if the. FFI does not enter into the standardized ... implementing FATCA withholding on withholdable payments. ... foreign passthru payment withholding and the definition of investment entity, as. Under FATCA, certain FFIs are required to enter into an FFI Agreement with the IRS. The agreement outlines the FFI's legally binding responsibilities which fall ... the recipient of the payment by eliminating this tax from the definition ... In addition, the passthru payment rules could cover payments on ... (7) PASSTHRU PAYMENT- The term passthru payment means any withholdable payment or other payment to the extent attributable to a withholdable payment. (e) ... An FFI is defined as any financial institution that is a foreign entity, other than a financial institution organized under the laws of a possession of the ...