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22 January 2013 International Tax Alert Treasury and IRS issue final FATWA regulations Executive summary On 17 January 2013, Treasury and the IRS issued long-awaited final regulations under the Foreign
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FATCA regulations were published in 2010.
Financial institutions and other entities are required to file FATCA regulations.
FATCA regulations can be filled out online through the IRS FATCA registration system.
The purpose of FATCA regulations is to combat tax evasion by U.S. taxpayers using foreign accounts.
Financial institutions must report information about U.S. account holders to the IRS.
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