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TREAS/IRS RIN: 1545-BL72 Publication ID: Fall 2016 
Title: Revisions to Foreign Financial Institution Reporting and Withholding Regulations 
Abstract:

These proposed regulations will address technical amendments to regulations previously issued under chapter 4 of subtitle A (sections 1471 through 1474) of the Internal Revenue Code of 1986, commonly known as the Foreign Account Tax Compliance Act, or FATCA. In Treasury Decision 9610 (78 FR 5874), the Treasury Department (Treasury) and the IRS issued final regulations under chapter 4 regarding reporting by foreign financial institutions (FFIs) with respect to U.S. accounts, and withholding on payments to FFIs and other foreign persons. The final regulations issued in TD 9610 affect persons making certain U.S.-related payments to FFIs and other foreign entities and payments by FFIs to other persons.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 26 CFR 1.1471-0    26 CFR 1.1471-1    26 CFR 1.1474-2    26 CFR 1.1471-3   
Legal Authority: 26 U.S.C. 1471    26 U.S.C. 1472    26 U.S.C. 1473    26 U.S.C. 1474   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/06/2014  79 FR 12868   
NPRM Comment Period End  05/05/2014 
Final Action  12/00/2016 
Additional Information: REG-130967-13 Drafting attorney: Kamela Nelan (202) 317-6942 Reviewing attorney: John J. Sweeney (202) 317-6942 Treasury attorney: Quyen Huynh (202) 622-1707 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal 
Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BL73 
Agency Contact:
Kamela K. Nelan
Attorney-Advisor
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6942
Email: kamela.k.nelan@irscounsel.treas.gov