Today, the IRS issued corrections to final and temporary FATCA regulations (T.D. 9658). The corrections solely address errors relating to the §1.6045-1T rules relating to sales by brokers. The IRS stated: “The temporary regulation contains errors in the instructions that need to be corrected. First, the instructions indicate that §1.6045-1T is amended. However, the temporary regulation is added, not amended. Second, the instructions do not add paragraphs (m) through (o), which should be included in the temporary regulation by cross-reference to the final regulation. The correcting amendments add the temporary regulation, including paragraphs (m) through (o).” Additional FATCA technical corrections are anticipated.
The corrections can be accessed via: TD 9658.pdf