FATCA - FAQs updated for foreign financial institutions 

June 26: The IRS today updated a list of FATCA-related “frequently asked questions (FAQs) for foreign financial institutions.

The new or updated FAQs include:

  • An updated FAQ concerning the maximum length of each field on the foreign financial institutions (FFI) list field
  • A new FAQ addressing which FFIs and branches are included on the FFI list
  • An updated FAQ on which FFI list file formats are available for download

Read the list of FAQs on the IRS website (the current version is dated June 26, 2014, and for the time being, the updated or new FAQs are indicated on the IRS website with a “red” notation).

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