SPECIAL ANNOUNCEMENT

Notice 2012–2, page 538. This notice provides interim guidance under section 6050W of the Code to payment settlement entities (as defined in Regulations section 1.6050W–1(a)(4)(i)) (PSEs) that are United States payors or United States middlemen (each as defined in Regulations section 1.6049–5(c)(5)) regarding the circumstances under which the return of information required under Regulations section 1.6050W–1(a)(1) is required with respect to a payment to an offshore account. Treasury and the Service intend to amend the regulations under section 6050W to reflect the guidance provided in this notice and Notice 2011–71, 2011–37 I.R.B. 233. PSEs may rely on the interim guidance in this notice until the regulations are amended.