Announcement 2014-38, released today, extends the time by which a jurisdiction can sign an intergovernmental agreement (IGA) for FATCA reporting purposes.  Prior guidance provided that Treasury and the IRS would include on the list of jurisdictions treated as having an IGA in effect any jurisdictions that, on or before June 30, 2014, had reached an agreement on the terms of an IGA even though it was not yet signed.  The prior guidance required signatures prior to December 31, 2014.  Today’s announcement extends the time for the signature of the IGA so long as the jurisdiction continues to demonstrate a firm resolve to sign the IGA as soon as possible.  After December 31, 2014, Treasury will review monthly the list of jurisdictions having an agreement in substance, but no signed agreement, to determine whether a jurisdiction should be removed.