FATCA FAQ Details Extended Deadline for FFI Agreement Renewals

Internal Revenue Service

The IRS has updated a prior list of frequently asked questions on Foreign Account Tax Compliance Act requirements to provide that otherwise-compliant entities that missed the July 31 deadline for renewing foreign financial institution agreements have until October 24 to renew the agreement and continue to be treated as a participating FFI.

The IRS has updated a prior list of frequently asked questions on Foreign Account Tax Compliance Act requirements to provide that otherwise-compliant entities that missed the July 31 deadline for renewing foreign financial institution agreements have until October 24 to renew the agreement and continue to be treated as a participating FFI.

The IRS has updated a <a href="/lr/resolve//1vsj8">prior list</a> of frequently asked questions on Foreign Account Tax Compliance Act requirements to provide that otherwise-compliant entities that missed the July 31 deadline for renewing foreign financial institution agreements have until October 24 to renew the agreement and continue to be treated as a participating FFI.

The IRS has updated a prior list of frequently asked questions on Foreign Account Tax Compliance Act requirements to provide that otherwise-compliant entities that missed the July 31 deadline for renewing foreign financial institution agreements have until October 24 to renew the agreement and continue to be treated as a participating FFI.