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April 2022 IRS Memo Reissues Interim FATCA Guidance Memo

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

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April 2022 IRS Memo Reissues Interim FATCA Guidance Memo

This document contains general information only and is not a substitute for accounting, tax, or any other professional advice or services. The information provided is considered accurate at the time of publishing and will not be updated with new regulation requirements.

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