IRS Seeks Members for User Group on FATCA-Related Forms

FATCA Forms User Group

November 30, 2017

The IRS LB&I Division, in collaboration with Tax Forms and Publications, is soliciting members for a FATCA related Forms User Group (“User Group”) to serve in 2018. Statements of interest will be accepted through December 31, 2017.

As a part of our efforts to obtain a broad range of input from external stakeholders relating to key forms and instructions the User Group will provide feedback on the instructions for the Forms 8938, 8966, 1042-S, W-8BEN-E and W-8IMY, and the forms themselves, for Tax Year 2019. The IRS is looking to constitute a group of approximately 10-12 members who are representatives of the financial industry, gaming industry, and multinational corporations that are impacted by the requirements under FATCA. Members of IRPAC will be excluded since they receive the same materials and have an existing channel to provide feedback. The User Group will include IRS subject matter experts and their counsel.

We anticipate holding a kick-off meeting no later than February 2018 with a follow up meeting no later than late fall of 2018 These meetings will be scheduled around internal deadlines for updating forms and instructions in an effort to ensure enough time to evaluate all comments and suggestions received from the group.

Statements of Interest should be sent to: Email at fatcaformsusergroup@irs.gov.