Draft instructions for Form 8957 on FATCA registration - KPMG United States
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United States: Draft instructions for Form 8957 on FATCA registration

Draft instructions for Form 8957 on FATCA registration

The IRS released a draft version of instructions (Rev. June 2017) for financial institutions (or other entities) to apply in registering for FATCA purposes.


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There are two new items noted in the new version of the draft instructions [PDF 248 KB] for Form 8957, Foreign Account Tax Compliance Act (FATCA) Registration:

  • Information concerning limited foreign financial institution and limited branch status has been removed (the transition period having expired).
  • Beginning with 2017 renewals, qualified intermediaries, foreign withholding partnerships, and foreign withholding trusts (QIs, WPs, and WTs) will no longer renew their agreements using Form 8957.

The released draft is dated “as of May 22, 2017.” The draft instructions include cautionary language that they are not to be relied upon for filing purposes, and are subject to change and to OMB approval before being officially released.

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