Tax Notes Article by Amy S. Elliot, "OFFICIALS SHED LIGHT ON FATCA'S FAMILY MEMBER LINKING CONCEPT"

Under FATCA, the U.S. status of a family member of a client with a preexisting individual private banking account at a foreign bank need not be reported by foreign financial institutions unless that family member has an account linked to the client's account through the private banking relationship, an IRS official said May 3.

2011 TNT 87-1