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QI & FATCA News

The IRS published updates to the 2014 Form 1042 Instructions.

The IRS has released an updated FFI agreement to conform with the final and temporary chapter 3, 4 and 61, and section 3406 regulations. The FFI agreement supersedes the one contained in Revenue Procedure 2014-13.

The IRS has released new instructions for Form W-8IMY (revision 04-14), that contains both chapter 3 and chapter 4 certifications for non-US intermediaries and flow-through entities.