The Internal Revenue Service (IRS) today issued guidance extending the due date for certifications under the Foreign Account Tax Compliance Act (FATCA) due to ongoing disruptions from the coronavirus.

The newly posted Question 21 on the IRS' FATCA Certification FAQ page explains:

Q21. Due to the COVID-19 virus, will an entity with a FATCA certification due date of July 1, 2020 be granted an automatic extension of time to submit the certification to the IRS?

Yes. In response to disruptions related to the COVID-19 virus, the IRS will grant an automatic extension of time to submit a FATCA certification for an entity with a certification due date of July 1, 2020.  FATCA certifications that are due on July 1, 2020 will be extended to December 15, 2020, without the need to file an extension request with the IRS. The new due date will automatically show on the FATCA registration system.

This and other IRS FATCA FAQs are posted here.

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