FATCA Proposed Regulations Discussed With the IRS

Event Overview

On Feb. 8, 2012, Treasury and the IRS released proposed regulations for the Foreign Account Tax Compliance Act (FATCA). Since FATCA enactment in March 2012, the IRS has issued several rounds of guidance, but the regulations have been much anticipated by taxpayers that will be affected by the new FATCA withholding and reporting regime.

On this TaxWatch webcast, KPMG professionals, including Laurie Hatten-Boyd, Emma Preston, and Philip Cleary, discuss the U.S. withholding requirement outlined in the FATCA proposed regulations as well as the registration process for foreign financial institutions (FFIs). Tara Ferris and John Sweeney, attorneys from IRS Chief Counsel's Offices, members of the IRS FATCA Working Team, and participating drafters of the proposed regulations, then join the webcast to answer questions about FATCA provisions.

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