Financial Institutions that want to register for the Foreign Account Tax Compliance Act have a new IRS FATCA Foreign Financial Institution Registration Page.The FATCA Registration tool is a secure, web-based system. They can access the FATCA online registration system through the new page which describes:
- What is it? The FATCA Registration tool is a secure, web-based system that Financial Institutions (FI) can use to register under FATCA.
- What does it do? It establishes an online account with a home page and issues Global Intermediary Identification numbers to FIs and their branches.
- How do I register? Which has a link to the site where they can sign up or log in to existing accounts.
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Read more at: Tax Times blog