The IRS implemented its online FATCA certification process and sent out messages to registered financial institutions this week. Check your registered entity accounts in the IRS FATCA portal to see if you received two messages re:

• Certification of Compliance with the Due Diligence Requirements for Pre-existing Accounts of PFFIs (Including Reporting Model 2 FFIs)

• Periodic Certification

The IRS sent out messages on July 23. The deadline to complete the online certifications is December 15, 2018.

For additional information re: the certification requirements see my previous blogs:

• July 11, 2018 FATCA: Sub-Certifications as Part of FATCA Compliance

• June 12, 2018 FATCA: USFIs & Foreign Grantor/Non-Grantor Trusts' Mandatory IRS Certs

• May 31, 2018 FATCA: Who Needs to File a Mandatory Certification with the IRS?

For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.

#FATCA #ROCertification