Daily Tax Update - March 31, 2014: Rep. Camp Won't Seek Re-Election

REP. CAMP WON’T SEEK RE-ELECTION:  House Ways and Means Committee Chairman Dave Camp announced that he will not seek re-election.  In a statement, Camp said, “Today, I am announcing that I will not seek re-election to the United States House of Representatives.  This decision was reached after much consideration and discussion with my family.” Camp added, “During the next nine months, I will redouble my efforts to grow our economy and expand opportunity for every American by fixing our broken tax code, permanently solving physician payments for seniors, strengthening the social safety net and finding new markets for U.S. goods and services.”

IRS RELEASES FINAL FATCA FORM W-8BEN-E:  The has IRS released the final version of a form required under the Foreign Account Tax Compliance Act (FATCA). The form is entitled Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities).

The form can be accessed via: http://www.irs.gov/pub/irs-pdf/fw8bene.pdf.