IRS Debuts Online Registration For Firms Ahead Of FATCA Law
The IRS launched an online registration program for the hundreds of thousands of financial firms around the world that must comply with a U.S. anti-tax evasion law or risk being shut out of financial markets. Starting the registration process was one of the last steps the tax agency needed to take before FATCA takes effect in July 2014 with steep penalties for firms that do not comply.
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