October 31, 2016

As we enter the final months of Y2016, it is a good time to review some aspects of the UK FATCA/CDOT and CRS transition.


The transition from CDOT to CRS began as of January 1, 2016 with the first report due to local tax authorities on March 31, 2017 (Turks & Caicos)....

October 28, 2016

In April 2016, the IRS released a new Form W-8BEN-E.  Ordinarily, the old 2014 Form W-8BEN-E would be permitted to be used for six months subsequent to the release of the new form.  Thus, the mandatory date to use the April 2016 form would be November 1, 2016.


The...

October 11, 2016

Pursuant to local CRS and FATCA implementation, certain jurisdictions such as the United Kingdom require that Reporting Financial Institutions notify each individual Reportable Person or individual Specified U.S. person about government to government data sharing.  Spe...

October 4, 2016

The IRS requires that some sponsoring entities register their sponsored entities for their own Global Intermediary Identification Numbers (GIINs) for FATCA reporting and withholding purposes by December 31, 2016.  It is possible you have longer than December 31, 2016 t...

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