Tax Information Reporting Evaluations For The Foreign Account Tax Compliance Act (FATCA)
FATCA is a new chapter in the U.S. Internal Revenue Code. Chapter 4 was added by the Hiring Incentives to Restore Employment (HIRE) Act. It seeks to identify U.S. taxpayers with accounts at Foreign Financial Institutions (FFIs) and to enforce reporting of those accounts through withholding.
Deloitte’s Global Information Reporting and Withholding (GIR) group can assist you in managing the new challenges that may result from the Internal Revenue Service’s (IRS’s) increased scrutiny of U.S. accounts and foreign withholding under FATCA.
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