Guys ,
anyone familiar with this ACT
FACTA provision in HIRE ACT
FACTA provision in HIRE ACT
FACTA provision in HIRE ACT
Can't make much sense of it, even after reading it twice! Any experts can translate it to plain English? :-)
Some specific questions:
Does 1 apply to any payments made from US to any foreign entity via a foreign financial institution ( payments for business or service) or only to US entities holding an account in foreign financial institutions?
Does 2 apply only to corporate bearer bonds, or say to an individual foreign investor making a loan in US?
Some specific questions:
Does 1 apply to any payments made from US to any foreign entity via a foreign financial institution ( payments for business or service) or only to US entities holding an account in foreign financial institutions?
Does 2 apply only to corporate bearer bonds, or say to an individual foreign investor making a loan in US?