FATCA - IRS updates “user guide” 

December 11: The IRS posted an updated version of Publication 5118 (Rev. December 2013)—a “user guide” under the Foreign Account Tax Compliance Act (FATCA).

Read the updated 122-page FATCA user guide [PDF 9.05 MB]

This new version of the IRS publication includes updates from the initial publication of the FATCA user guide in August 2013. The August 2013 version set forth, in 75 pages, the purpose for FATCA registration and information about how to create a FATCA registration account; an overview of the registration system and process; and information about the Global Intermediary Identification Number (GIIN).

The updated FATCA user guide includes new guidance and new “figures” (i.e, tables and appendices), with specific notation made of:

  • Newly updated screenshots to accommodate minor wording changes to the FATCA registration
  • Information on the new features of the FI (financial institution) home page including new account statuses; new fields under the “Account Information” section; and new options available under the “Available Account Options” and the “Your Information” sections

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