If you’ve received Form 1099, you may have noticed a checkbox labeled “FATCA filing requirement.” What does this mean? And what should you do if the FATCA filing requirement box is checked? Should you add a check if it isn’t? Don’t panic! Here’s what you need to know. What ...
FATCA/CRS is now part of the KYC – Know Your Customer requirement. It is just a time when they too start receiving FATCA/CRS notices. Banks are going step by step. First communicate obvious i.e. holders of NRO/NRE and then contact others. By end of 2016, they would have received th...