The case On 2 July, the IRS announced that “this month, the IRS will no longer support the use of the existing FATCA account sign-in authentication methods to access the FATCA Registration System.” From then on,...
Read MoreThe case On 27 June, the State Secretariat for International Finance (SIF) announced that representatives of the Swiss and US governments had signed the new Swiss Model 1 FATCA IGA and simultaneously published the text of the...
Read MoreThe case The Financial Crimes Enforcement Network (FinCEN), a division of the US Treasury Department, suffered a legal setback last Friday in a case previously discussed in MTL blogs (here and here). On 15 November 2022, the...
Read MoreThe case Beginning in filing year 2024, financial institutions must file Forms 1042 with the IRS electronically. On its face, such a requirement does not appear overly burdensome, but key IRS electronic filing systems remain...
Read MoreThe case On 21 December, the Financial Crimes Enforcement Network (“FinCEN”), a division of the US Treasury Department, issued a final rule on the access provisions of the Corporate Transparency Act (CTA) (the...
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