We originally posted on Friday, April 19, 2013, IRS Begins Furlough Notice which include a discussion that the IRS would be closed on July 22, 2013 The Internal Revenue Service has canceled one of its five furlough days planned for this year under the automatic spending cuts known as the sequester. Acting IRS Commissioner Daniel…
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Swiss Banks To Turn Over Information To IRS!
The Swiss government has cleared the way for a dozen banks to turn over client data to the IRS despite an earlier ruling from Switzerland’s Federal Supreme Court. Although the IRS pushed the implementation of certain FATCA key deadlines from January 1st to July 1st, 2014, as we posted in IRS Delays FATCA Registration for Six Months, several…
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List of Changes in Notice 2013-43 – FATCA Delay.
We posted IRS Delays FATCA Registration for Six Months! on July 12, 2013, Which discusses IRS 2013-43, which provides for a Six-Month Extension for FATCA Withholding! This notice provides a six-month extension for when withholding will begin (i.e., payments after June 30, 2014) and for implementing new account opening procedures as well as related requirements to comply with FATCA.…
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IRS Delays FATCA Registration for Six Months!
We posted on Wednesday, July 10, 2013 "FACTA Registration is Set To Begin in July!" which discusses that starting on July 15, 2013, the United States is scheduled to begin registering foreign financial firms with U.S. customers for a new anti-tax evasion law know as FATCA. Today the IRS issued Notice 2013-43, which provides Six-Month Extension…
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