Over the last few weeks, a number of countries have published guidance regarding reporting in the year 2020.

Any organizations making payments subject to U.S. federal tax withholding and information reporting or any Automatic Exchange of Information

Anyone making payments of U.S. reportable income will be interested in a listing of notable new guidance posted by the Internal Revenue Serv

The Department for International Tax Cooperation (DITC) of the Cayman Islands announced updates for both FATCA and CRS reporting in...

Over the last few weeks, a number of countries have published guidance regarding reporting in the year 2020. Due to the ongoing COVID-19 cri

Over the past few months we have seen efforts by governments around the world take steps to provide relief for those taxpayers impacted by C

Over the last decade, we have seen both subtle and not so subtle changes to the Form 1042, Annual Withholding Tax Return for U.S. Source Inc

Anyone making payments of U.S. reportable income will be interested in a listing of notable new guidance posted by the IRS

On January 2, 2020, the Treasury and IRS published final regulations and removal of temporary regulations under chapters 3, 4, and 61 of the

Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). Begin preparing for these automatic exchange of informa

Any U.S. or non-U.S. company with an Accounts Payable Department or any non-financial company that makes payments to vendors will be interes

Any payors and withholding agents that make payments of U.S. source fixed, determinable annual, or periodical income and collect withholding

Any payors and withholding agents that filed information returns with a missing, incorrect, and/or not currently issued Taxpayer Identificat

Any payors and withholding agents filing information returns for the 2020 calendar year using a 2020 Form 1096, 1097, 1098, 1099, 3921, 3922

Payors and withholding agents that make payments of reportable income will be interested in a quick refresher in the rules for using a subst

Any financial institution with an obligation to report under the Foreign Account Tax Compliance Act (FATCA) or the Common Reporting Standard

Any withholding agent, making payments of United States source fixed, determinable, annual, or periodical (FDAP) income to non-U.S. persons

Under the rules, a recipient must consent in the affirmative to receiving the statement electronically. The recipient must not have withdra

Each year something changes in Publication 1179, which makes it one of the most important information return publications for payors and wit

Any payors who in the course of their trade or business make payments of $600 or more of nonemployee compensation will be interested in the

In July, the IRS published several important updates. We hope this quick listing of new items posted in July is helpful to you! Be sure to

As a reminder, a person making payments to a third party, for or on behalf of the recipient, will trigger the application of the middleman r

Although nothing has changed, per se, the middleman rules never seem to at the top of anyone’s mind. When a question arises as to whether a