Case Study Tax Regulatory Reporting and Monitoring Solution engage@tendelta.com Page | 1 Tax Regulatory Reporting and Monitoring Solution Mid- to Large-Sized Middle Market Syndicator Duration: 6+ months Overview Phase I of the Foreign Account Tax Compliance Act (FATCA), also known as Chapter 4 of the IRS Code, became effective on July 1, 2014. This regulation placed obligations upon ‘paying agents’ to evaluate and potentially withhold on domestically-sourced fixed, determinable, annual, or periodic (FDAP) payments made to foreign entities. The complexity of this IRS regulation for syndicated market administrative agents was compounded by the need to harmonize existing IRS Chapter 3 withholding and reporting processes with FATCA requirements, understanding the paying

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