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Corporations TopicsLBI Directive De-coordinating All Issue Papers IRS Resources | Issue Number: 2023-10The IRS Updates FAQ 23 on the FATCA - FAQs General Page The IRS updated FAQ 23 (Q23) on the FATCA - FAQs General webpage, under the section, General Compliance, extending penalty relief for the 2022, 2023, and 2024 calendar years in situations where a withholding agent withholds and reports on Forms 1042 and 1042-S by September 15 of the applicable year. The penalty relief will apply with respect to dividend equivalent payments made with respect to a derivative referencing a partnership.
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