IRS Publishes Draft Fatca Registration Form

The US Internal Revenue Service (IRS) has published a draft of the form non-US financial institutions will have to complete to comply with the Foreign Account Tax Compliance Act (Fatca)—an anti-tax evasion measure that will require non-US firms to share information with the IRS about accounts held by US taxpayers.

Form 8957 asks financial institutions to submit their legal name, address for tax purposes and mailing address. It asks whether the financial firm is a standalone institution, a member