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Reporting FATCA payments
December 14, 2021
Q. Regarding FATCA payments (Loans, interests, dividends), could you confirm that if the financial institution is in the US, there’s no reporting required for me to do since they will have to issue a 1099-INT on my behalf?
In case it is a foreign financial institution, could you confirm that I’ll need to file a 1042-S for any interests/loans/dividends paid?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for…
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