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FATCA Documentation for Disregarded Entities

  • picture of Jennie Cherry
    Jennie Cherry
  • picture of Rashad Wareh
    Rashad Wareh
  • picture of George N. Harris, Jr.
    George N. Harris, Jr.

The Foreign Account Tax Compliance Act (FATCA) requires entity account holders to document their status for US withholding tax purposes (Chapter 3 status) and their status for FATCA due diligence purposes (Chapter 4 status). In the case of a non-US entity account holder that has made an entity classification election (the so-called ‘check-the-box election’) to be disregarded for US income tax purposes, advisers to international families and their succession planning structures should carefully consider the instructions to the W-8 forms and provide the documentation for the disregarded entity’s beneficial owner. June 18, 2015. Download