Irs fatca online registration
Starting the registration process, which is accessible on the IRS website, was one of the last steps the tax agency needed to take before the Foreign Account Tax Compliance Act (FATCA), enacted in 2010, takes effect in July 2014 with steep penalties for firms that do not comply. The IRS also released the finalForm 8957 (Foreign Account Tax Compliance Act (FATCA) Registration), including instructions. This form is substantially similar to the draft dated April 17, 2013 which did not have instructions.