This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

August 11, 2010: Securities Industry and Financial Markets Association (SIFMA)


DOWNLOAD  

Securities Industry and Financial Markets Association (SIFMA) submitted in-depth comments to the Internal Revenue Service (IRS) asking for further clarification and guidance to the requirements under FATCA.

SIFMA has asked for exclusions from the FATCA reporting requirements for non-U.S. collective investment vehicles, non-U.S. pension funds, existing securitization vehicles, and current reporting entities that already file Forms 1099 or Schedules K-1 with the IRS. SIFMA requested further definition or clarification of terms such as “withholdable payment”, “passthru payments”, and “gross proceeds”.

Download the attached comment letter.

Contact FATCA Leader for further information.

Last updated

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected