Need Assistance or FATCA advice?

Whether registering your entity with the IRS, completing your informational returns or completing the required classification forms, our professional team will guide you accurately through these processes and give you peace of mind.

Get help with the US Classification Forms that apply to you

Many financial institutions are requiring their account holders (whether individuals or entities) to complete US classification forms if they wish to open or maintain their financial accounts.

Classification Forms:

• W-9 — US taxpayers
• W-8BEN — Individuals who are Non-US taxpayers
• W-8BEN-E — Entities which are Non-US persons (companies, partnerships, trusts, etc.)

These forms, especially the one for entities (W-8Ben-E) are complex and will often require professional assistance to complete. Our team is here to help you or your advisors to complete the paperwork correctly.

Tax treaty relief for some

In addition, the forms also allow individuals and entities to claim tax treaty relief. For entities, treaty relief is available only IF the entity meets various strict treaty definitions. We can also help entities navigate through the confusing maze of these complex rules.

Noncompliance could lead to penalties

Failure to comply with the FATCA reporting requirements by either foreign entities or financial institutions, or as a US Person, could result in substantial financial penalties and, in some cases, even in criminal charges.

‘Follow the money’ – the first criminal conviction is in

We knew it would happen eventually, and in September the first criminal conviction for failure to comply with FATCA has made history. For more details about the landmark case, including undercover agents, multiple jurisdictions and interagency cooperation, visit our blog for the whole story. First FATCA conviction

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The IRS extends FATCA’s Withholding Requirements