by Professor Denis Kleinfeld, Esq. (Contributing Expert Author, LexisNexis® Guide to FATCA Compliance. Author of Langer on Practical International Tax Planning. Attorney, Miami, Florida).
The U.S. Treasury announced on July 12, that due to overwhelming concern from countries around the world, the implementation of FATCA (the Foreign Account Compliance Tax Act) would be deferred from January 1, 2014 to June 30, 2014.
IRS Notice 2013-43 provides that this additional time is to:
… read Denis Kleinfeld’s entire expert analysis by linking to his article on the > LexisNexis FATCA Center <