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For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Itemized Deductions
Application for Automatic Extension of Time
Request for Taxpayer Identification Number (TIN) and Certification

 

Single and Joint Filers With No Dependents
Employer's Quarterly Federal Tax Return
Employee's Withholding Allowance Certificate
Request for Transcript of Tax Return

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Summary of FATCA Timelines

Withholding (by withholding agents)

2014
July 1

30% U.S. withholding tax will apply to payments of certain U.S. source income (e.g., dividends, interest, insurance premiums) made to non-U.S. financial institutions (FFIs) … UNLESS FFI establishes by registration it is

  • A participating FFI, including FFIs in Model 2 IGA,
  • An FFI in a jurisdiction with a Model 1 IGA treated as in effect, or
  • A low-risk FFI
 
2019
January 1 30% U.S. withholding tax will apply to any gross proceeds from the sale or other disposition after December 31, 2018 of any property of a type that can produce the U.S. source income described above.
TBD U.S. withholding tax will apply to foreign passthru payment to a recalcitrant account holder or a nonparticipating FFI that is made after the later of December 31, 2018 or the date of the publication of final Treasury Regulations defining the term foreign passthru payment.
Exception: Certain smaller and more local FFIs and exempt beneficial owners (primarily government-owned entities and international organizations) can avoid withholding if they provide the withholding agent with documentation about their status.
   

 

Registration (by financial institutions)

2013
August 19 Registration website available for testing purposes only
 
 
2014
January 1 Official opening date to register and obtain Global Intermediary Identification Number (GIIN)
May 5 Final day to register for guaranteed inclusion on first registered FFI list (to avoid withholding)
June 2 First Registered FFI list published – updated monthly thereafter
   
2016
January 1 All limited FFI and limited branch registrations will be placed in registration incomplete status on their online FATCA account after December 31, 2015. Limited FFIs and limited branches that seek to continue such status during the 2016 calendar year must edit and resubmit their registrations after December 31, 2015, on the FATCA registration website.
December 31

Sponsoring entities must register their sponsored investment entities and sponsored controlled foreign corporations (CFCs) covered by Annex II of a Model 1 IGA on or before the later of December 31, 2016, and the date that is 90 days after a U.S. reportable account is first identified.
 

Sponsoring entities must register their sponsored investment entities and sponsored CFCs covered by Annex II of a Model 2 IGA on or before December 31, 2016.

   
2017
January 1 Sponsoring entities must register their sponsored registered deemed-compliant FFIs and sponsored direct reporting NFFEs by January 1, 2017. Sponsoring entities should consider registering to obtain GIINs well in advance of January 1, 2017, in order to give withholding agents sufficient time to complete the verification requirement.
   

 

Reporting (by financial institutions)

2015: Reporting Begins
When to Report
March 31 FFIs in non-IGA jurisdictions and FFIs in Model 2 IGA jurisdictions
September 30 FFIs in Model 1 IGA jurisdictions:
What to Report (with respect to 2014):
1. Account holder’s name
  For passive non-financial foreign entity, the name(s) of any substantial U.S. owners
2. Account holder’s U.S. taxpayer identification number (TIN)
  For passive non-financial foreign entity, only the TIN(s) of any substantial U.S. owner(s)
3. Account holder’s address
  For passive non-financial foreign entity, only the address(es) of substantial U.S. owner(s)
4. Account number
5. Account balance or value
6. For accounts held by recalcitrant/nonconsenting account holders: report aggregate number and balance or value
   
2016
When to Report
March 31 FFIs in non-IGA jurisdictions and FFIs in Model 2 IGA jurisdictions
September 30 FFIs in Model 1 IGA jurisdictions:
What to Report (with respect to 2015):
  Everything reported in (1) through (6) for 2014
7. Income paid (except certain gross proceeds from the sale or redemption of property)
   
2017
When to Report
March 31 FFIs in non-IGA jurisdictions and FFIs in Model 2 IGA jurisdictions
September 30 FFIs in Model 1 IGA jurisdictions:
What to Report (with respect to 2016):
  Everything reported in (1) through (7) for 2015
8. Gross proceeds paid to custodial accounts
   
2018
When to Report  
March 31 FFIs in non-IGA jurisdictions and FFIs in Model 2 IGA jurisdictions
September 30 FFIs in Model 1 IGA jurisdictions:
What to Report (with respect to 2017):
  Everything reported in (1) through (8) for 2016
   
2019
When to Report  
March 31 FFIs in non-IGA jurisdictions and FFIs in Model 2 IGA jurisdictions
September 30 FFIs in Model 1 IGA jurisdictions:
What to Report (with respect to 2018):
  Everything reported in (1) through (8) for 2017
   
After 2019
When to Report
March 31 FFIs in non-IGA jurisdictions and FFIs in Model 2 IGA jurisdictions
September 30 FFIs in Model 1 IGA jurisdictions:
What to Report (with respect to previous year):
  Everything reported in (1) through (8) for 2018