Comply Exchange Logo

April 2022 IRS Memo Reissues Interim FATCA Guidance Memo

On April 1, 2022, the Internal Revenue Service (IRS) published a Memorandum for all Large Business and International (LB&I) employees that reissues Interim Guidance Memorandum LB&I-04-0120-0002 dated April 7, 2020. The 2020 Memorandum provides guidance for procedures for FATCA Certification Event of Default Notices. The guidance in this new April 2022 memorandum remains unchanged. Further, these procedures will be incorporated into new IRM 4.65.3, FATCA Foreign Financial Institution (FFI) Operational Procedures and Compliance, no later than October 22, 2023.

Check out the April 1, 2022, IRS Memorandum for all LB&I Employees here:

https://www.irs.gov/pub/foia/ig/spder/lbi-04-0422-0009.pdf

Make sure to follow Comply Exchange for more industry updates and subscribe to the Comply Catch-up for a full industry round-up at the end of each month!

April 2022 IRS Memo Reissues Interim FATCA Guidance Memo

You might also enjoy

Join our mailing list!

About Us

Comply Exchange was built to give businesses and individuals alike the support that they need to comply with the complex and ever-evolving regulatory tax burdens imposed by the IRS and other global authorities with respect to information reporting and withholding.

Reach out to our experts today to schedule a demo and see how our software and services can help you streamline and automate your tax compliance needs.