Foreign Account Tax Compliance Act (FATCA): Overview and Practical Considerations for Employee Benefit Plans | Practical Law

Foreign Account Tax Compliance Act (FATCA): Overview and Practical Considerations for Employee Benefit Plans | Practical Law

A Note providing an overview of the Foreign Account Tax Compliance Act (FATCA) and its application to non-US employee benefit plans. It discusses what entities are considered foreign financial institutions (FFIs), exemptions available for certain employee benefit plans, and the employee benefit plan review process under FATCA.

Foreign Account Tax Compliance Act (FATCA): Overview and Practical Considerations for Employee Benefit Plans

by Joel Eisenreich, Michael Haberman, and Leib Steiger, Deloitte Tax LLP, with Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
A Note providing an overview of the Foreign Account Tax Compliance Act (FATCA) and its application to non-US employee benefit plans. It discusses what entities are considered foreign financial institutions (FFIs), exemptions available for certain employee benefit plans, and the employee benefit plan review process under FATCA.