This utility provides FATCA, NRA, and Backup withholding and tax reporting for financial systems. Three types of IRS withholding are support: FATCA, NRA and Backup. Interest and Dividend earnings are evaluated against the tax status of the payee. Critical details about the FDAP income earned are also included in the withholding logic.
Tax reporting is support for 1099, 1042 as well as the new FATCA related forms.