The Internal Revenue Service (IRS) announced yesterday that it has launched the International Data Exchange Service (IDES), a new online platform for reporting under the Foreign Account Tax Compliance Act (Fatca).
Fatca requires foreign financial institutions to report the information of certain clients who are US citizens. Firms had to register with the IRS by the last day of 2014, and this year the focus of firms shifts to reporting the client data. The first reporting deadlines fall in March
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails