28/11/2011
IRS Reporting Participating FFI
I.R.S. Electronic US Customer
(Person) – Name, Address, TIN of each US acct holder (Entity) – Name, Address, TIN of each US acct holder each substantial US owner Highest Acct Balance Acct Number Acct Balance or Value, Custody Holdings etc Gross Receipts / Gross Withdrawals or Payments from Acct Gross dividends or credits Gross interest paid or credited Other income credited or paid Gross process from sale or redemption with respect that the FFI acted as custodian, broker, nominee, or agent
Not To Forget Record of process execution & performance Accounting Reporting – WRT to taxes withheld MIS Reporting per organisation unit Date/reference/classification
13
Withholding Typology Red Bank (NPFFI)
Blue Bank (PFFI) Potential Witholding Obligation (PWO)
FDAP Green Bank (PFFI)
Customer Joe ‘Recalcitrant’ (PWO)
© Detica Solutions Limited 2011 COMMERCIAL IN CONFIDENCE
Date/reference/classification
14
7