• IRS Releases New FATCA Guidance, Including Draft FFI Agreement
  • November 21, 2013 | Authors: Heather Ripley; Edward Tanenbaum
  • Law Firm: Alston & Bird LLP - New York Office
  • In Notice 2013-69, the IRS introduced a long-awaited draft Foreign Financial Institution (FFI) Agreement and additional guidance under the Foreign Account Tax Compliance Act (FATCA). In addition to the draft FFI Agreement for participating FFIs and those FFIs subject to a Model 2 intergovernmental agreement (IGA), the Notice contains guidance on forthcoming revisions to the FATCA regulations.