Share with your friends

United States: IRS reminder about FATCA registration

United States: IRS reminder about FATCA registration

The IRS today issued a reminder that FATCA registration must always be updated with the current name and email address of the responsible officer and point of contact(s) as soon as there is a change.


Related content

As noted in the IRS transmittal message, when a FATCA registration is completed, the name and contact information of (1) a responsible officer and (2) a point of contact must be included and must specifically provide their mailing and email addresses as well as their telephone numbers. These persons will be with whom the IRS will communicate (such as about certifications, general inquiries and other FATCA compliance purposes). The IRS will send notices to a registration system message board and will provide a notification of potential actions to be taken. The responsible officer will also receive an email notification when the IRS has sent a notice to the message board.  Financial institutions must make sure that they receive and review any messages sent to a message board and must determine that the email address of the responsible officer is accurate.

© 2020 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal