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The US Internal Revenue Service issued final regulations under Sec. 6049 outlining the rules requiring US financial institutions to report interest payments to certain nonresident alien individuals of $10 or more per year paid after December 31st 2012.
The US Treasury Department’s Internal Revenue Service (IRS) announced a reorganisation of its advance pricing agreement (APA), mutual agreement and competent authority programmes into one new programme.
The US Treasury Department’s Financial Crimes Enforcement Network announced that it is postponing until July 1st 2013 its requirement that Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), be filed electronically.
Late Thursday, the IRS issued final regulations on determining who has the legal liability to pay the foreign tax for foreign tax credit purposes (T.D. 9576) and temporary regulations on the application of the “anti-splitter” rules of Sec. 909 (T.D. 9577). The rules are related because the legal liability to
