• Highlights of the Recently Proposed FATCA Regulations
  • April 27, 2012 | Authors: Richard J. Horne; Christina M. Iafe; Brian A. Silikovitz
  • Law Firms: Lowenstein Sandler LLP - New York Office ; Lowenstein Sandler LLP - Roseland Office
  • On February 8, 2012, the Treasury Department and the Internal Revenue Service released muchanticipated proposed regulations under the Foreign Account Tax Compliance Act (“FATCA”). The proposed regulations provide significant guidance regarding the due diligence, withholding, and reporting obligations of persons affected by FATCA. The proposed regulations also indicate a revised timeline for FATCA’s implementation and detail new exceptions from its application.