The U.S. IRS is planning to release regulations on burden reduction before the end of the year that will include a further deferral of the withholding requirement on foreign passthrough payments included in the final and temporary regulations TD 9809, which were issued the beginning of 2017. The regulations are in relation to FATCA and include that participating foreign financial institutions (FFIs) must agree to withhold on passthrough payments made to recalcitrant account holders of the FFI and nonparticipating FFIs. TD 9809 also provides an extension so that the requirement to withhold does not apply before the later of 1...