2014 FATCA Regulatory Updates: Navigating the Intricacies of Latest IRS Guidance

Implementing Treasury and IRS Amendments for NFFEs; Determining FFIs and Payee Status; Complying With IGAs, Withholding and Reporting Rules

Recording of a 110-minute premium CLE/CPE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, June 26, 2014

Recorded event now available

or call 1-800-926-7926

This CLE course will provide counsel with guidance necessary to navigate the intricacies of the latest IRS guidance on FATCA compliance. The panel will review new Treasury and IRS amendments for NFFEs, FFI and payee status definitions, intergovernmental agreements (IGAs), and withholding and reporting rules.


The IRS has been very active regarding information on FATCA compliance this year. In Feb. 2014, the IRS issued regulations providing guidance under FATCA and conforming the requirements in Chapters 3 and 51 of the IRC with the requirements of FATCA. 

The IRS has negotiated a number of IGAs with other countries to implement FATCA. On May 2, 2014, the IRS issued a notice regarding transition relief in the levying of penalties for noncompliance when good faith compliance is demonstrated. Despite the 2014-2015 transition status, the IRS still requires timely compliance. Since the IRS did not define “good faith” and FATCA compliance is complex, counsel and advisors must have deep knowledge of the rules.

The substantive regulations released in Feb. 2014 supplement and clarify the regulations that were issued the prior January. The IRS also released regulations that coordinate FATCA’s diligence, reporting and withholding requirements with existing regulations. 

Listen as our experienced panel reviews the changes to FATCA and the coordinating regulations. Attendees will benefit from a discussion on NFFEs, FFI and payee status determinations, and changes to the withholding and reporting rules. Our panel will also analyze the latest issued IGAs and FATCA compliance during the transition relief period.



  1. Overview of FATCA requirements
  2. FATCA regulation changes
    1. NFFE
    2. FFI Definition
    3. FFI Branches
    4. Rules for groups
    5. Withholding and reporting rules
  3. Coordinating regulation changes
    1. Payee status
    2. Withholding certificates and documentation
    3. Reporting
    4. Withholding
  4. Intergovernmental agreements
  5. IRS transition relief


The panel will review these and other key questions:

  • What changes did the proposed regulations make to FATCA and the coordinating regulations?
  • What are the latest issued IGAs?
  • How much of an impact will transition relief have on compliance? How can affected entities show good faith?


Professor William H. Byrnes, IV
Professor William H. Byrnes, IV

Associate Dean
Thomas Jefferson School of Law

Mr. Byrnes is an international tax professor with more than 20 books and 1,200 articles. He was a Senior Manager, then...  |  Read More

Laurie Hatten-Boyd
Laurie Hatten-Boyd

Global FATCA Tax Lead

Ms. Hatten-Boyd leads the firm’s Tax Information Reporting & Withholding group. She routinely engages in a...  |  Read More

Nishida, Danielle
Danielle Nishida

Principal, Information Reporting & Withholding Tax

Ms. Nishida joined KPMG in April 2013 and practices in information reporting. She was previously an attorney in the...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Audio