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IRS Announcement 2010-22

Announcement 2010-22, On March 18, 2010 the Hiring Incentives to Restore Employment (HIRE) Act of 2010, Pub. L. 111-147 (H.R. 2847) was enacted including FATCA which makes a number of changes to the tax law affecting foreign account tax compliance.   Announcement 2010-22  informs the public that Treasury and the IRS will provide guidance on the implementation of FATCA.   Further, Treasury and the IRS are soliciting comments from the public to consider while drafting guidance projects.

Announcement 2010-22 will appear in IRB 2010-16, dated April 19, 2010.

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