Entries by Anna Muzalska

WHEN TO REPORT THE INFORMATION?

September 4, 2017 /0 Comments/in /by

The FATCA came into force on July 1, 2014, but its implementation was made gradually. In this sense, the first report of the US Accounts and Recalcitrant Accounts was made up to March 31, 2015 (referring to the year 2014) and should contain the following information: name, address, TIN, number and account balance of the […]

WHAT INFORMATION SHOULD BE REPORTED?

September 4, 2017 /0 Comments/in /by

Foreign financial entities affected by the FATCA shall periodically report to the American IRS information regarding: US Accounts (accounts opened in the name or on behalf of one or more US Persons or by a foreign company owned by US Persons); Recalcitrant Accounts (account holders or beneficial owners whose recognition as US Person is not […]