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You must have a JavaScript-enabled browser to use this site.

Microsoft Internet Explorer

To turn on JavaScript in Internet Explorer, follow these steps:

  1. On the Tools menu, click Internet Options, and then click the Security tab.
  2. Click the Web content zone that you are using (for example, click Local Intranet),
    and then click Custom Level button.
  3. Locate Active scripting under Scripting settings. Click to select the Enable radio button.
  4. Click OK button on Security Settings and Internet Options windows to save your changes.

To download Internet Explorer 7, click here.

Firefox

To turn on JavaScript in Firefox, follow these steps:

  1. On the Tools menu, click Options.., and then click the Content tab.
  2. Click to select the Enable JavaScript check box.
  3. Click OK button to save the setting.

To download Firefox 2, click here.

Safari

To turn on JavaScript in Safari, follow these steps:

  1. Open Safari
  2. On the Safari menu, click on Preferences.
  3. Click the Security icon.
  4. Click on Enable JavaScript next to the Web Content section if it is not checked
  5. Close the Preferences window
  6. Close and restart Safari.

Opera 9.xx series

To turn on JavaScript in Opera 9.xx series, follow these steps:

  1. Open Opera.
  2. On the Tools menu, click Preferences.
  3. Click Content in the Preferences list.
  4. Check the box next to Enable JavaScript.
  5. Click the JavaScript Options button to open the JavaScript Options box.
  6. Check the boxes that you want to allow.
  7. Click OK.
  8. Click OK.

Google Chrome(v0.4.154.23)

To turn on JavaScript in Google Chrome(v0.4.154.23), follow these steps:

  1. First close any open Chrome windows.
  2. Right click on a blank area of your Desktop.
  3. Select New.
  4. Create a new Shortcut with the following in the "Type the location of the item:" text box:
    • For Windows Vista:
      %userprofile%\Local\Google\Chrome\Application\chrome.exe -enable-javascript
    • For Windows XP:
      "%userprofile%\Local Settings\Application Data\Google\chrome.exe" -enable-javascript
      Note: You'll have to enclose the file path for Windows XP in quotes due to there being spaces in it.

 

 

 

 

Foreign Account Tax Compliance Act (FATCA) FAQs

​​Get answers to frequently asked questions about the Foreign Account Tax Compliance Act (FATCA).​​DIS-244*-DIS​

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  • ​M&T Bank/Wilmington Trust places a high priority on complying with laws and regulations and this includes FATCA. We have teams focused on FATCA, and we continue to develop our processes so that we can accept all of the appropriate forms from our clients and process them properly. We are committed to being fully FATCA compliant in all countries where we operate, such as the Cayman Islands, Germany, Ireland, Luxembourg, the Netherlands and the United Kingdom. 

  • ​​FATCA is the Foreign Account Tax Compliance Act, which was enacted in 2010 as a part of the Hiring Incentives to Restore Employment ("HIRE") Act. The goal of FATCA is to identify U.S. taxpayers who hold financial assets in non-U.S. financial institutions and other offshore accounts so they do not evade U.S. tax obligations.​​

  • ​​We will request specific information from you. We recommend consulting with your tax advisor regarding which forms to complete for your specific circumstances or refer to the IRS at ​www.irs.gov​.

  • ​M&T Bank/Wilmington Trust is unable to offer customers tax advice. Because it's critical that your forms are completed accurately and properly, it's best to consult with your tax advisor.​

  • FATCA will affect both personal and business customers who are treated as "U.S. Persons" for U.S. tax purposes. FATCA will also affect certain types of businesses with U.S. owners. The term U.S. person includes, but is not limited to, the following:

    • Citizens of the U.S., including an individual born in the U.S. but resident in another country (who has not given up his or her U.S. citizenship)
    • Persons residing in the U.S., including U.S. green card holders
    • Certain persons who spend a significant number of days in the U.S. each year ("substantial presence" test)
    • U.S. Corporations, U.S. Partnerships, U.S. estates and U.S. trusts 
  • ​FATCA does not replace existing U.S. tax rules. However, it may add requirements that are applicable to you. M&T Bank/Wilmington Trust recommends that you discuss your personal situation with your tax advisor. 

  • ​If there is a change in circumstance, you are required to provide updated tax information. Additionally, M&T Bank/Wilmington Trust must be notified if there is a change in your FATCA status. Even though changes have occurred to the IRS forms, the expiration remains the same. W-8 forms will need to be provided every three years. W-9s only need to be updated when there is a change in circumstance. 

  • ​The information reported to the IRS or your local tax authority will depend on your FATCA classification and any corresponding obligations. The information may include name, address, U.S. taxpayer identification number, account number, account balance/value, etc. 

  • ​In order to establish your tax status under FATCA, we may ask you for information and documentation related to your business account. 

  • ​Yes. This is different. The USA PATRIOT ACT requires banks to collect, verify and record certain information that identifies their customers for the purpose of helping the government fight the funding of terrorism and money laundering activities. By contrast, FATCA was designed specifically to encourage better tax compliance and is focused solely on preventing taxpayers from avoiding U.S. taxation. 

  • ​Yes. Under FATCA, financial institutions are required to withhold from certain payments to non-compliant individuals and entities. In addition, any entity that is a nonparticipating FFI (foreign financial institution) will be subject to FATCA withholding.

  • M&T/Wilmington Trust may be withholding on U.S.-sourced payments due to one of the following reasons:

    • The appropriate signed documentation has not been received
    • The documentation received has not been completed properly or in a timely fashion
    • The information on the document states that you are a nonparticipating FFI 
  • ​Per FATCA regulations, there is a 90-day grace period starting on the date your account is opened. If documentation is not provided within the 90-day period, the account will be marked as FATCA eligible and 30% withholding may apply. 

  • ​Preexisting accounts that are impacted by FATCA withholding will be subject to withholding beginning 1/1/2015 if appropriate documentation has not been provided.

  • If you have any additional questions, please contact your tax advisor or visit the IRS FATCA website.

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