FATCA Registration Resources and Support Information
Regulations coordinating chapters 3, 4, 61, and section 3406 of the Internal Revenue Code and revising the final FATCA regulations have been posted to the Federal Register for publication.
See below for links to the new final and temporary regulations (and the associated notices of proposed rulemaking by cross-reference). Please note: Clicking any of the Federal Register publication links below will direct you first to an intermediate web page advising that you are leaving the IRS website. Click the button indicating you wish to leave the IRS website.
Withholding of Tax on Certain U.S. Source Income Paid to Foreign Persons, Information Reporting and Backup Withholding on Payments Made to Certain U.S. Persons, and Portfolio Interest Treatment Pages 12725 - 12809 [FR DOC # 2014-03991]
Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding on Certain Payments to Foreign Financial Institutions and Other Foreign Entities Pages 12811 - 12865 [FR DOC # 2014-03967]
Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding on Certain Payments to Foreign Financial Institutions and Other Foreign Entities Pages 12867 - 12878 [FR DOC # 2014-03960]
The following FATCA Forms and Instructions for 2014 are now available on the IRS.GOV Forms and Publications Website:
• Form 1042
• Form 8966
• Form W-8BEN
• Instructions to Form W-8BEN
• Form W-8ECI
• Instructions to Form W-8ECI
- Revenue Procedure 2014-13 – Final FFI Agreement is Now Available for FFI Agreement for Participating FFI and Reporting Model 2 FFI.
For the period from the opening of the FATCA registration website through December 31, 2013, a financial institution (FI) will be able to access its online account to modify or add registration information.
Prior to January 1, 2014, any information entered into the system, even if submitted as final by the website user, will not be regarded as a final submission, but will merely be stored until the information is submitted as final on or after January 1, 2014.
FIs can use the remainder of 2013 to become familiar with the FATCA registration website, to input preliminary information, and to refine that information. On or after January 1, 2014, each FI will be expected to finalize its registration information by logging into its online account on the FATCA registration website, making any necessary additional changes, and submitting the information as final.
As registrations are finalized and approved in 2014, registering FIs will receive a notice of registration acceptance and will be issued a global intermediary identification number (GIIN).
The IRS will electronically post the first IRS Foreign Financial Institution (FFI) List by June 2, 2014, and will update the list on a monthly basis thereafter. To ensure inclusion in the June 2014 IRS FFI List, an FI will need to finalize its registration by April 25, 2014.
Below find a link to instructions, user guide and other materials to assist you and your financial institution with FATCA registration:
|FATCA Registration Overview (PDF)|
|FATCA Registration Online User Guide (PDF)|
|Tips for Logging into the FATCA Registration System|
|Global Intermediary Identification Number (GIIN) Composition (PDF)|
|FFI List Resources|
|FATCA Frequently Asked Questions (FAQs)|
“How-to” videos to assist financial institutions with FATCA registration:
(Note: There may be slight differences between the videos and the screens in the FATCA Registration System due to system upgrades).