The IRS has issued final regs on the reporting of non-resident alien deposit interest. The regulations largely adopt last year's proposed rules and are a predictable supplement to FATCA because they give the IRS the ability to offer a quid pro quo to cooperative jurisdictions.
See Marie Sapirie, "Final Regs Require Reporting on Non-Resident Alien Deposit Interest," 2012 TNT 75-1 (Apr. 17, 2012).
Posted by Andrew Hodes, Associate Editor, Wealth Strategies Journal.
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