FATCA POC NOT RO Contacted by IRS
We have come to expect that the U.S. Internal Revenue Service (IRS) will send the FATCA Responsible Officer (RO) an email to alert the RO a message has been posted on the IRS FATCA portal message board. However, in some circumstances, the IRS will only send a message to a Point of Contact (POC) not the RO. What Is a “Responsible Officer”? An RO is the individual in charge of overseeing a Participating Foreign Financial Institution’s (PFFI’s) compliance with the terms of the I