IRS issues Final FATCA regulations

Insurance Tax Bulletin

Stakeholders patiently waiting for guidance regarding the Foreign Account Tax Compliance Act (FATCA) need not wait any longer -- final regulations were issued along with a press release on January 17, 2013. The final regulations follow last February’s release of the proposed regulations. This bulletin includes a link to PwC’s recently released Global IRW Newsbrief, which gives a high level description of some of the notable distinctions between the proposed and final regulations as well as some essential and necessary actions for stakeholders to consider.

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