The Global Financial System Must Now Implement a New U.S. Reporting and Withholding System for Foreign Account Tax Compliance, Which Will Create Significant New Exposures - Managing This Risk (Part V - Classification of Entities)
Charles Schwab and Co., Inc.
July 1, 2011
Taxes - The Tax Magazine, Vol. 89, No. 7, pp. 39-66, 2011
Part V examines the FATCA entity classifications as outlined in Notice 2010-60.
Number of Pages in PDF File: 28
Keywords: Fatca, entity classification, FFI, NFFE, deemed-compliant FI, withholdable payment, 1441, insurance, bank, retirement plan, USFI, CFC, QI, qualified intermediary, expanded affiliated group, 1471, 1472, small FFI, active trade or business, NFFE business, FI business, Territory-organized FI
Date posted: October 3, 2011