Search
Apr 25, 20221 min read
Publication 519 For Use in Preparing 2021 Returns is Now Final!
On April 20, 2022, the Internal Revenue Service (IRS) posted a final version of Publication 519, U.S. Tax Guide for Aliens, for use in prepa
Apr 22, 20222 min read
IRS Begins Sending Notices CP2100 and 2100A!
In case you missed it, the Internal Revenue Service (IRS) announced that beginning in mid-April, it will be sending out Notices CP2100 and 2
Apr 19, 20221 min read
New IGA between Kazakhstan and the United States
On April 5, 2022, a new Model 1 Intergovernmental Agreement (IGA) between Kazakhstan and the United States entered into force.
Apr 19, 20221 min read
Guernsey FATCA and CRS Reporting Reminders!
On April 13, 2022, the States of Guernsey Revenue Service issued Bulletin 2022/3 under the provisions for the Foreign Account Tax Compliance
Apr 14, 20222 min read
April 2022 TIGTA Report Finds FATCA Compliance Issues
On April 12, 2022, the Treasury Inspector General (TIGTA) published an April 7, 2022, Report Number 2022-30-019, titled ‘Additional Actions
Apr 13, 20221 min read
BVIFARS Portal Fees to Begin September 2022!
In case you missed it, the International Tax Authority (ITA) of the British Virgin Islands (BVI) published a notice for any entities...
Apr 8, 20221 min read
IRS Commissioner Support for Reciprocal FATCA Bill
On April 7, 2022, Internal Revenue Service (IRS) Commissioner Charles P. Rettig testified on agency operations and the President’s 2023 budg
Apr 7, 20222 min read
Cayman CRS Enforcement Guidelines
On March 31, 2022, the Cayman Tax Information Authority (TIA) published the Enforcement Guidelines in respect of the Common Reporting Standa
Apr 6, 20221 min read
Guernsey 2022 Compliance Information Notice 2!
On March 31, 2022, the States of Guernsey Revenue Service published Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (
Apr 5, 20221 min read
April 2022 IRS Memo Reissues Interim FATCA Guidance Memo
On April 1, 2022, the Internal Revenue Service (IRS) published a Memorandum for all Large Business and International (LB&I) employees that r
Apr 1, 20221 min read
ATO Publishes New Supplementary Third-Party Data Governance Guide
On April 1, 2022, the Australian Tax Office (ATO) published a new third-party data governance guide that focuses on investment industry tax
Apr 1, 20221 min read
Antigua and Barbuda CRS Compliance Form
In March 2022, the Antigua and Barbuda Inland Revenue Department published its own Common Reporting Standard (CRS) Compliance Form that must
Mar 29, 20222 min read
FY 2023 Greenbook Update For Purposes of AEoI!
On March 28, 2022, President Joe Biden released the FY2023 Budget and the U.S. Department of the Treasury released a document to explain the
Mar 29, 20222 min read
FY 2023 Greenbook Proposes New Electronic Filing Requirements!
President Biden’s On March 28, 2022, President Joe Biden released the FY2023 Budget and the U.S. Department of the Treasury released a docum
Mar 28, 20222 min read
Crowdfunding Websites May Be Required to Report on Form 1099-K, Payment Card and Third-Party Network
Beginning in calendar year 2022, crowdfunding websites or their payment processors may be required to report certain distributions of money
Mar 24, 20221 min read
UK Suspended the Exchange and Sharing of Tax Information with Russia and Belarus!
In case you missed it, on March 17, 2022, in an effort to inflict economic pain on President Putin and his regime, the United Kingdom (UK) s
Mar 24, 20221 min read
New IRS FATCA Certifications FAQ 22!
On March 23, 2022, the Internal Revenue Service (IRS) published FATCA Certification FAQ number 22 regarding how to submit a FATCA certificat
Mar 21, 20222 min read
Incorrect or Missing Forms W-2 or 1099
On March 21, 2022, the Internal Revenue Service published an important Covid Tax Tip 2022-43 regarding incorrect or missing Forms W-2 or 109
Mar 17, 20221 min read
2022 Update to Publication 5190!
On March 15, 2022, the Internal Revenue Service (IRS) published a 2022 revision of Publication 5190, International Data Exchange Services (I
Mar 15, 20223 min read
March 2022 Canada AEoI Updates!
On March 10, 2022, the Canada Revenue Agency (CRA) published revisions to its Guidance on the Canada-U.S. Enhanced Tax Information Exchange
Mar 8, 20222 min read
A few Automatic Exchange of Information (AEoI) Reminders!
The deadlines for reporting 2021 information under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) ar
Mar 2, 20221 min read
Instructions for Form 941 (Rev. March 2022)
On February 28, 2022, the IRS published Instructions for Form 941 (Rev. March 2022), Employer's QUARTERLY Federal Tax Return. Among the new
Mar 2, 20222 min read
January 2022 Revision of Publication 1220!
On February 28, 2022, the IRS published a new version of Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3
Feb 23, 20222 min read
2022 Twos-day Update to QI/WP/WT FAQs!
On February 22, 2022, (2/22/22), the Internal Revenue Service (IRS) updated FAQ9 and FAQ10 regarding periodic certifications of Qualified In