During a recent luncheon, Michael Danilack, IRS Deputy Commissioner (International) for the Large and Mid-Size Business Division, announced that the IRS is on track to issue proposed regulations on the Foreign Account Tax Compliance Act's withholding rules by the end of this year. If not issued by the end of December 2011, Deputy Commissioner Danilack stated the regulations will be released in January 2012.
See Kristen A. Parillo and Stephanie A. Soong Johnston, "FATCA Regs on Track to be Issued by Year-End," 2011 TNT 223-2 (Nov. 18, 2011).
Posted by Brian Spring, Associate Editor, Wealth Strategies Journal.
See Kristen A. Parillo and Stephanie A. Soong Johnston, "FATCA Regs on Track to be Issued by Year-End," 2011 TNT 223-2 (Nov. 18, 2011).
Posted by Brian Spring, Associate Editor, Wealth Strategies Journal.
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