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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 4, 20221 min read

2022 Publication 515 is now final!

On March 3, 2022, the Internal Revenue Service released Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities,...

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

Feb 22, 20221 min read

2022 General Instructions for Certain Information Returns are now final!

In addition to the updates in our December 2021 post on the DRAFT General Instructions found here, the FINAL version includes information re

Feb 22, 20222 min read

February 2022 Cayman DITC Updates Bulletin!

The Cayman Department of International Tax Cooperation (DITC) published a February 2022, Updates Bulletin, which includes a number of timely

Feb 22, 20222 min read

Updated 2022 Cayman DITC User Guide!

The Cayman Department for International Tax Cooperation (DITC) published an updated User Guide version 9.0 for use in 2022. Important updat

Feb 16, 20221 min read

DRAFT Publication 515 for use in 2022 Available!

On February 15, 2022, the Internal Revenue Service (IRS) finally released a DRAFT Publication 515, Withholding of Tax on Nonresident Aliens

Feb 9, 20221 min read

DRAFT Publication 519 For Use in Preparing 2021 Returns!

On February 2, 2022, the Internal Revenue Service (IRS) posted Publication 519, U.S. Tax Guide for Aliens, for use in preparing 2021 returns

Feb 3, 20222 min read

Forms 1042 Deadlines are Coming!

Forms 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, are due on March 15, 2022. As withholding agents prepa

Feb 2, 20223 min read

Forms 1042-S Deadlines are Coming!

Forms 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, are due on March 15, 2022. As withholding agents prepare these fo

Jan 26, 20221 min read

Responsible Officer Certification Reminder from the IRS

On January 20, 2022, the IRS published a reminder for the FATCA certification period ending December 31, 202

Jan 19, 20221 min read

Don't forget the new 2022 Form 1099-K threshold!

The American Rescue Plan Act of 2021 lowered the threshold for reporting on Form 1099K, Payment Card and Third-Party Network...

Jan 12, 20222 min read

Backup Withholding Deadlines Are Here!

Don't forget your backup withholding deadlines related to Form 945, Annual Return of Withheld Federal Income Tax, and information returns on

Jan 4, 20223 min read

Be Aware of New AEoI Rules and Penalties!

Over the last few months, a number of jurisdictions have been reviewing, adjusting, and publishing new guidance regarding Automatic Exchange

Dec 20, 20211 min read

DRAFT 2022 General Instructions for Certain Information Returns!

On December 16, 2021, the IRS published DRAFT 2022 General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921,

Dec 20, 20212 min read

A Holiday Message From Our CEO

As another year draws to an end, we’d like to take this opportunity to thank all our colleagues, clients and partners, as without you we wou

Dec 15, 20211 min read

2022 Form 1042-S!

On December 13, 2021, the IRS published 2022 Form 1042-S. There are a number of changes to codes:

Dec 15, 20212 min read

Form 1099-NEC Continuous Use Form!

On December 14, 2021, the IRS published Form 1099-NEC (Rev. January 2022), a continuous use form. The boxes align a bit differently from the

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