Unlocking the FATCA Pass-Through Maze A 2017 Primer

Congress passed the Foreign Account Tax Compliance Act (FATCA) in 2010. FATCA requires both individual taxpayers and foreign financial institutions (FFIs) ... account holders before January 1, 2017. The proposed regulations ... FATCA withholding on foreign passthru payments begins. Full ... ▫ Proposed FATCA regulations issued Feb. 2012; final regs ... 1, 2017 – Earliest date to apply w/h on passthru payments. (pending ... The FATCA regulations currently reserve on the definition of the term “foreign passthru payment. ... 2017, or the date of publication in ... In 2010, Congress passed the Foreign Account Tax Compliance Act (FATCA), to reduce tax evasion by US taxpayers holding funds in foreign accounts. This has now been deferred two years to 1 January 2017. 2. Grandfathering protection from passthru withholding extended. It was highly ... Under the 2014 temporary regulations, such substitute payments are subject to withholding if paid after January 1, 2017 ... foreign passthru payment. As announced ... No withholding on foreign passthru payments until, at least, January 1, 2019;; Extension of time until January 1, 2017, to use limited ... The February Proposed Regulations extend the date on which FATCA withholding begins on foreign pass-thru payments from 1 January 2015 to 1 January 2017. FATCA seeks to accomplish this goal by requiring foreign ... Delay withholding on foreign "passthru payments" until at least 2017.