FATCA : information reporting and withholding under Chapter 4 / by Stephen A. Nauheim [and others].
2014
Items
Details
Title
FATCA : information reporting and withholding under Chapter 4 / by Stephen A. Nauheim [and others].
Added Author
Added Corporate Author
Imprint
Arlington, VA : Tax Management Inc., ©2014-
Description
1 online resource.
Frequency
Updated irregularly.
Series
Tax management portfolios ; 6565.
Formatted Contents Note
Detailed Analysis. Introduction and history
Rules applicable to withholding agents
Rules applicable to FFIs
Special considerations for insurance companies
Special considerations for asset managers
Rules applicable to NFFEs
Special considerations for other industries and entities
Payee identification procedures
Intergovernmental agreements
Liability for withheld tax and refund procedures
Other FATCA provisions
Working papers.
Rules applicable to withholding agents
Rules applicable to FFIs
Special considerations for insurance companies
Special considerations for asset managers
Rules applicable to NFFEs
Special considerations for other industries and entities
Payee identification procedures
Intergovernmental agreements
Liability for withheld tax and refund procedures
Other FATCA provisions
Working papers.
Summary
" ... discusses the reporting and withholding requirements of chapter 4 ([section] 1471- [section] 1474) of the Internal Revenue Code, which generally requires: (i) non-U.S. financial institutions to enter into agreements with the Internal Revenue Service under which they agree to identify and report U.S. account holders, and (ii) non-U.S. nonfinancial entities to disclose direct and indirect U.S. owners in certain circumstances, and which imposes a 30% withholding tax on certain payments to non-U.S. financial institutions and nonfinancial entities that do not comply with chapter 4's requirements. The Portfolio covers the chapter 4 withholding and reporting mechanism; the definitions and requirements chapter 4 places on both foreign financial institutions and nonfinancial entities (including rules under which entities with certain characteristics may qualify for exemption from some or all of chapter 4's requirements); due diligence and reporting; refund procedures; the impact of intergovernmental exchange of information agreements; and specific issues affecting certain industries, such as asset management and insurance."
Bibliography, etc. Note
Includes bibliographical references.
Source of Description
Title from title screen (viewed October 2, 2014).
Location
www
Available in Other Form
Print version: Nauheim, Stephen A., 1942- FATCA - information reporting and withholding under Chapter 4. Arlington, VA : Tax Management Inc., [2014]-
Linked Resources
Alternate Title
Tax Management Portfolios.
Language
English
Record Appears in