The IRS released a draft version of instructions (Rev. June 2017) for financial institutions (or other entities) to apply in registering for FATCA purposes.
There are two new items noted in the new version of the draft instructions [PDF 248 KB] for Form 8957, Foreign Account Tax Compliance Act (FATCA) Registration:
The released draft is dated “as of May 22, 2017.” The draft instructions include cautionary language that they are not to be relied upon for filing purposes, and are subject to change and to OMB approval before being officially released.
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