United States: IRS issues new FAQ regarding credit forward framework described in Notice 2010-46
Provides clarification on the availability of the credit forward framework
The IRS issued a new “frequently asked question” (FAQ) that provides clarification on the availability of the credit forward framework described in Notice 2010-46 during the transition periods for implementing the section 871(m) regulations.
FAQ 26 is located on the FATCA – FAQs General webpage, under the section “General Compliance.”
Read the IRS transmittal message (September 12, 2024)