FATCA Update: IRS Finalizes Form 8957 for FFI Registrations

On the heels of the opening of the Internal Revenue Service’s online FATCA registration portal (see prior post here), the IRS has issued a final version of its Form 8957 which is entitled “Foreign Account Tax Compliance Act (FATCA) Registration.”  The final version of the form is available on the IRS website here.  The IRS had released a draft version of the Form 8957 in April of this year (see prior post here).

The FATCA Form 8957 is to be used by financial institutions to register with the IRS.  The IRS is strongly encouraging financial institutions to register online through the FATCA portal, but has said that paper copies of the Form 8957 will be accepted.  The FATCA portal is open now, but no FATCA registrations will be formally accepted by the IRS until January 1, 2014.

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