Amalia G., Bank in Central America

“The FATCA law update service provided by Foodman CPAs & Advisors has been essential for us. Foodman provides us with summaries of new processes of the act, as well as clarifications and comments. For example, Foodman assisted us with the new IRS processes related to the termination of the GIIN of the FFIs for non-compliance in the submission of the FATCA compliance certifications. Thanks to Foodman’s explanation, we can understand the events of non-compliance of an FFI that does not comply with the delivery of FATCA certifications (COPA or periodic), the notifications to the FFI from the IRS about this event, the termination of a GIIN; and the appeal process for the FFI that wants to get its GIIN back.”

— Amalia G., Bank in Central America