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Mar 2, 20233 min read
How to handle a missing or incorrect W-2 or Form 1099
On February 28, 2023, the IRS released IRS Tax Tip 2023-25, “What to do when a W-2 or Form 1099 is missing or incorrect”. This is a practica
Oct 3, 20221 min read
Comply Exchange is excited to welcome on board Colin Brien!
Comply Exchange is excited to welcome Colin Brien onboard as their Chief Growth Officer.
Colin has spent the majority of this career in pub
Jul 12, 20221 min read
Cayman Islands FATCA & CRS Deadline Reminder
On July 7, 2022 the Department for International Tax Cooperation (DITC) of the Cayman Islands posted an Industry Advisory with a reminder of
May 26, 20221 min read
BVIFars Portal Fee Update!
On May 18, 2022, the British Virgin Islands (BVI) Ministry of Finance, International Tax Authority (ITA), published an announcement that...
May 23, 20221 min read
DRAFT 2022 Form 8804!
On May 19, 2022, the Internal Revenue Service (IRS) published a DRAFT 2022 Form 8804, Annual Return for Partnership Withholding Tax...
May 20, 20221 min read
HMRC Brings in More than £500 million through AEoI
On May 17, 2022, in a keynote speech Lucy Frazer MP, Financial Secretary to the Treasury, stated that the increase in global transparency ha
May 20, 20221 min read
Swiss Federal Council Announces AEoI with 12 Additional Partner States
On May 18, 2022, in Switzerland, the Federal Council adopted the dispatch on the introduction of the automatic exchange of information (AEoI
May 20, 20221 min read
HMRC Updates Internal Manual For Tax Compliance Risk Management
In May, HM Revenue and Custom (HMRC) updated its internal manual related to Tax Compliance Risk Management. This guidance is for Large Busi
May 19, 20221 min read
Taiwan Extends CRS Reporting Deadline to August 1
On May 18, 2022, the Taiwan Ministry of Finance announced its plans to extend the reporting period for 2021 financial account information re
May 17, 20221 min read
China Extends its CRS Reporting Deadline!
China’s State Administration of Taxation announced on its Multlateral Tax Data Service Platform that the deadline for submitting Common Repo
May 17, 20221 min read
New IRS FAQs for file sharing during LB&I Audits
The Internal Revenue Service (IRS) published a set of Frequently Asked Questions (FAQs) related to the Large Business and International (LB&
May 12, 20221 min read
New QI, WP, WT FAQ 20!
On May 10, 2022, the Internal Revenue Service (IRS) published a new Qualified Intermediary (QI), Withholding Foreign Partnership (WP), and W
May 10, 20221 min read
ATO Matters Under Consultation - AEOI Guide and Toolkit
In case you missed it, the Australian Taxation Office (ATO) registered an Automatic Exchange of Information (AEOI) guide and toolkit for Rep
May 10, 20221 min read
DRAFT Instructions for Requester of Forms W-8!!
On May 7, 2022, the Internal Revenue Service (IRS) published DRAFT Instructions for the Requester of Forms W-8BEN, BEN-E, ECI, EXP, and IMY,
May 10, 20221 min read
OECD Publishes CARF Comments and Invitation to Public Consultation!
On May 2, 2022, the Organisation for Economic Cooperation and Development (OECD) published comments received with respect to the Crypto-Asse
May 10, 20222 min read
New Publication 1187 as of May 2022!
On May 4, 2022, the Internal Revenue Service (IRS) published an updated Publication 1187, Specifications for Electronic Filing of Forms 1042
May 5, 20222 min read
Notice 2022-23 Proposed Amendments to the QI Agreement!
On May 3, 2022, the Internal Revenue Service (IRS) published Notice 2022-23 which sets forth the proposed amendments to the Qualified Interm
May 3, 20221 min read
Ireland Revenue Clarifies Tax Treatment of Crypto-Assets in TDM
On April 27, 2022, Ireland Revenue published an update to its Tax and Duty manual (TDM) Part 02-01-03 taxation of crypto-asset transactions.
May 3, 20222 min read
Bermuda CRS Deadlines Extended and Reminders!
On April 28, 2022, the Bermuda Ministry of Finance (the Ministry) published a notice of extended CRS deadlines and other reminders. Due to
Apr 29, 20221 min read
IRS Announces IDES Testing Session From June 6 through July 1, 2022!
On April 27, 2022, the Internal Revenue Service (IDES) published Issue Number 2022-02 regarding the Foreign Account Tax Compliance Act (FATC
Apr 29, 20221 min read
IRS Invites Recommendations on 2022-2023 Priority Guidance Plan
On April 26, 2022, the Internal Revenue Service (IRS) published Notice 2022-21, which invites the public to recommend items that they...
Apr 29, 20221 min read
UK Extends Rules Implementing CRS!
On April 25, 2022, the International Tax Compliance (Amendment) Regulations 2022 were made and then laid before the House of Commons on...
Apr 29, 20222 min read
Singapore FATCA Updates!
On April 25, 2022, the Inland Revenue Authority of Singapore (IRAS) published an announcement regarding Foreign Account Tax Compliance Act (
Apr 29, 20221 min read
EU Prohibits Selling Investment Funds to Russians and Updates FAQs
On April 25, 2022, the European Union (EU) updated its frequently asked questions (FAQs) on deposit acceptance concerning sanctions...