Some of the folks down at the IRS may have been ‘confused‘ about how to apply the tax exempt organization rules, especially those rogue employees in Cincinnati. But the IRS isn’t confused at all about the power of FATCA, the Foreign Account Tax Compliance Act. It is America’s global tax reporting law. Never before has […]

The Internal Revenue Service have recently confirmed that under FATCA in order to be issued with a Global Institution Identification Number (“GIIN”) before the 1 January 2015 registration must be completed via the online portal no later than 22 December 2014. This is important as any Foreign Financial Institution (“FFI”) resident in a Model 1 […]