Rev. Proc. 2020-15, included in Internal Revenue Bulletin 2020-23 (June 1, 2020), updates prior IRS guidance regarding the list of countries with which the United States has in force an information exchange agreement for purposes of reporting payments of deposit interest of $10 or more made by U.S. financial institutions to nonresident alien individuals.
See Rev. Proc. 2020-15 (and all of IRB 2020-23) by clicking here.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..
