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Issue Number: 2020-1
Inside This Issue
- IRS Publishes New FAQ Granting Extension of Time to File the Form 8966, FATCA Report, for Reporting Model 2 Financial Institutions and Participating Foreign Financial Institutions
1. IRS Publishes New FAQ Granting Extension of Time to File the Form 8966, FATCA Report, for Reporting Model 2 Financial Institutions and Participating Foreign Financial Institutions
In response to the COVID-19 virus, the Internal Revenue Service will provide an extension of time for a Reporting Model 2 FFI or a Participating FFI to file the FATCA Report (Form 8966) to the IRS. The filing deadline for the FATCA Report (Form 8966) will be extended from March 31, 2020 to July 15, 2020. Form 8809-I, Application for Extension of Time to File FATCA Form 8966, will not be required for this extension. For more information, see FAQ Q4 in the "Reporting" category on the FATCA – FAQs General page.
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