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Expert Analysis

Aim For Strict FATCA Compliance Despite Transition Period

Law360, New York (June 2, 2014, 12:19 PM EDT) -- Compliance with new provisions that have become commonly referred to as the Foreign Account Tax Compliance Act, or "FATCA," recently became a little less daunting. On May 2, 2014, the Department of the Treasury and the Internal Revenue Service released Notice 2014-33, announcing that calendar years 2014 and 2015 will be regarded as a "transition period" for purposes of implementation of FATCA....

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