IRS Releases FATCA Coordination Regulations and Technical Corrections
IRS has released two packages of regulations under FATCA totaling 565 pages. First, the "coordination" regulations attempt to bridge existing U.S. tax documentation, withholding and information reporting practices to the new FATCA rules. Second, a package of technical corrections and revisions makes a vast number of changes to the final FATCA regulations (in addition to the updates issued last September in T.D. 9610 and the changes previewed in Notice 2013-69 last October).
Please read our client letters on these regulations: