On August 16, 2011, TEI members and staff met with personnel from the U.S. Treasury Department and Internal Revenue Service to discuss issues raised in TEI’s two prior comment letters regarding the Foreign Account Tax Compliance Act (FATCA) and Notices 2010-60 and 2011-34. During the course of the meeting, government representatives asked TEI to follow up on several specific issues raised in TEI’s previous comments relating to certain exceptions to FATCA and the ability of entities to self-certify their qualification for such exceptions. TEI submitted its response to the government’s inquiries on September 21, 2011.
TEI’s response can be found in this technical submission and in this article from The Tax Executive journal.
TEI’s prior comments under FATCA can be found here (regarding Notice 2010-60) and by clicking here (regarding Notice 2011-34).