FATCA News & Information

Having trouble viewing this email? View it as a Web page.                                                                                                                                                  Bookmark and Share

IRS.gov Banner
FATCA News & Information March 28, 2019

Useful Links:



News Essentials

Key FATCA Provisions

News Releases

IRS - The Basics

IRS Guidance

Media Contacts

e-News Subscriptions

IRS Resources

Compliance & Enforcement

Contact My Local Office

Filing Options

Forms & Instructions

Frequently Asked Questions


Taxpayer Advocate

Where to File

Issue Number:  2019-3

Inside This Issue

  1. New FAQs Posted on Various Compliance Items for Foreign Financial Institutions

1.  New FAQs Posted on Various Compliance Items for Foreign Financial Institutions

Sponsoring Entities with Certification Periods ending on December 31, 2017
The IRS has recently published an FAQ providing that Sponsoring Entities with certification periods ending December 31, 2017 may rely on rules provided in the notice of proposed rulemaking (REG-103477-14) published on January 6, 2017 in the Federal Register (82 FR 1629).

FATCA Certifications FAQ Q20

FATCA Registration Updates
The IRS has reminded Financial Institutions (“FIs”) that incomplete FATCA Registration applications will not remain unprocessed indefinitely. Specifically, such accounts, will be placed in “Registration Rejected/Denied” status.  FIs in this status still have access to respective message boards although they do not have any other account options.  They are, however, able to complete and submit a new FATCA Registration. 

Registration Update FAQ Q17

IRS Continues to Remind Financial Institutions to Keep Person of Contact (“POC’) and Responsible Officer (“RO”) Contact Information Current
Another reminder was recently sent to Financial Institutions (“FIs”) on the continued need to ensure that POC and RO contact information is updated. This is because it is the primary way through which the Service contacts FIs and it is expected that this channel of communication is kept open through the FIs ensuring that email addresses and contact information are always correct. 

Responsible Officers and Points of Contact FAQ Q7

Back to top

Thank you for subscribing to FATCA News & Information, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.

This message was distributed automatically from the FATCA News & Information mailing list. Please Do Not Reply To This Message.