FATCA - Correcting amendments to temporary regulations 

April 21:  The Treasury Department and IRS today released for publication in the Federal Register corrections concerning the information reporting, withholding, and FATCA temporary regulations released earlier this year.

Today’s correcting amendments [PDF 211 KB] to the temporary regulations (T.D. 9658) are as follows:

  • The temporary regulations contained errors in the instructions (i.e., the instructions stated that Reg. section 1.6045-1T was “amended” when, in fact, it was “added.”)
  • The instructions did not include certain paragraphs that were to be included in the temporary regulations, by cross-reference to final regulations. Today’s release adds these paragraphs to the temporary regulations.

Read two February 2014 reports concerning the regulation packages, prepared by KPMG LLP: KPMG reports - Analysis of information reporting, withholding regulations and FATCA temporary regulations

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