We recently reported that the U.S. Internal Revenue Service (IRS) had stated that it was in the process of updating aspects of its Foreign Account Tax Compliance Act(FATCA) Foreign Financial Institution Registration system, and has now announced that as of November 16, 2015:
- new features have been added and are available on the IRS FATCA Online Registration System;
- revisions have been made to the FATCA Online Registration User Guide, the last publication of which was issued in October 2014; and
- a new revised IRS Form 8957 (Rev. October 2015), FATCA Registration, has been released.
A summary of these system updates can be found here.