The IRS has issued guidance inĀ Notice 2017-46 (the āNoticeā) relaxing the rules applicable to U.S. financial institutions that require the collection of foreign taxpayer identification numbers (Foreign TINs) from U.S. nonresident aliens. Under anticipated amendments to temporary regulations that are described in the Notice, withholding agents will be required to collectĀ a Foreign TIN and date of birth (in the case of an individual account holder) on a foreign personās beneficial owner withholding certificate (e.g., a…
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