The IRS issued a reminder today re: FATCA RO certifications.
"For the certification period ending December 31, 2019 (generally entities that were initially approved in 2016), FATCA Responsible Officer (“RO”) certifications are due no later than December 15, 2020.
If an entity that is required to certify does not submit its certifications by the due date, the entity will not be in compliance with its obligations under FATCA. The consequences of being non-compliant may include the revocation of an entity’s FATCA status and, ultimately, the entity’s GIIN being removed from the FFI list."
For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.
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