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Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Approaching Registration Deadline Under FATCA for Non-U.S. Retirement Plans
EisnerAmper Mar. 27, 2014 "The final regulations exempt from FATCA's registration, reporting, and withholding requirements certain non-U.S. funds established to provide retirement, disability, or death benefits and treat these plans as certified deemed compliant.... [E]xempt plans are not required to report information on U.S. participants or withhold income tax on payments and are not subject to 30% withholding on U.S.-source income earned by the plan.... [T]hese exemptions do not apply automatically, nor do they apply to the reporting obligations of individual U.S. plan participants ... To claim an exemption, a non-U.S. retirement plan must file a Form W-8BEN-E, which ... is currently available in draft form only, with the U.S. withholding agent for each of its U.S.-based investments to notify the agent of its exempt status." |
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