TEI Proposes Changes to IRS on FATCA Form W-8BEN-E

On June 20, 2016, TEI submitted a letter to the IRS recommending certain changes and clarifications to the FATCA-related Form W-8BEN-E. The letter discusses ambiguities in the most recent version of the form, as well as a need to allow the use of the previous version of the form through the end of 2016.

TEI’s IRS Administrative Affairs Committee prepared this letter. Colleen C. Brown chairs the Committee, and TEI Tax Counsel John Schoenecker coordinated the preparation of TEI’s comments.

TEI Submits Comments on FATCA Temporary & Coordinating Regulations

On May 5, 2014, TEI submitted comments to the Internal Revenue Service regarding temporary and proposed regulations implementing Chapter 4 of the Code, better known as the Foreign Account Tax Compliance Act (FATCA), and coordinating withholding under FATCA with withholding under Chapters 3 and 61 and section 3406.