Under the new FATCA regime, will gross proceeds from the sale of U.S. securities be considered a "withholdable payment"? If so, what is the effective date of the withholding requirement?

FATCA Withholdable Payment Withholding Requirement

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FATCA addresses foreign accounts and the withholding responsibilities of foreign financial entities. Your question talks about US securities, are these US based securities or securities of US companies held by you in foreign accounts.

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Abraham Itani, CPA
www.itanitax.com

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Under the new FATCA regime, will gross proceeds from the sale of U.S. securities be considered a "withholdable payment"? If so, what is the effective date of the withholding requirement?

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Under the new FATCA regime, will gross proceeds from the sale of U.S. securities be considered a "withholdable payment"? If so, what is the effective date of the withholding requirement?

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