November 1, 2010
Treasury Releases Guidance Regarding FATCA Withholding—A Nice Start But Not a Solution
WG&L Journal of Taxation
International Private Client Group Partner Kevin Packman and Associate Mauricio Rivero authored a WG&L Journal of Taxation article titled "Treasury Releases Guidance Regarding FATCA Withholding—A Nice Start But Not a Solution."
The recordkeeping and disclosure burdens imposed by the Foreign Account Tax Compliance Act on various foreign entities that have United States accountholders will need procedures in place that will take time to implement. A useful first step in this process has been taken by the Internal Revenue Service in a notice that outlines the broader picture of what is to come, but it is clearly only a first step. To view the full article, please visit the link below.
The recordkeeping and disclosure burdens imposed by the Foreign Account Tax Compliance Act on various foreign entities that have United States accountholders will need procedures in place that will take time to implement. A useful first step in this process has been taken by the Internal Revenue Service in a notice that outlines the broader picture of what is to come, but it is clearly only a first step. To view the full article, please visit the link below.