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Sep 22, 20213 min read

Keeping Rules Fresh – Electronic Delivery of Recipient Statements

During the offseason it is always a good idea to check in on general information reporting rules that may go unnoticed.

Sep 15, 20211 min read

DRAFT Forms 1099-MISC and NEC

On September 13, 2021, the IRS published DRAFT Forms 1099-MISC and NEC. Although the changes are few and subtle, they are worth noting.

Sep 9, 20211 min read

Cayman Updates Bulletin as of September 3, 2021

On September 3, 2021, the Cayman Department of International Tax Cooperation (DITC) published an Updates Bulletin reminding the Industry tha

Sep 6, 20212 min read

DRAFT Form W-8BEN-E and Instructions!

On September 2, 2021, the IRS published a DRAFT Form W-8BEN-E and Instructions.

Sep 6, 20212 min read

New Instruction Updates From The IRS

New Instructions for Form 2848, DRAFT 2021 Form 1099-INT, and DRAFT Instructions for Forms 8804, 8805, and 8813, and 8804-W.

Sep 1, 20211 min read

Cayman DITC Updates Bulletin as of August 30, 2021

On August 30, 2021, the Cayman Department for International Tax Cooperation posted an Updates Bulletin with three key reminders

Aug 31, 20212 min read

DRAFT Form W-8BEN and Instructions!

On August 30, 2021, the IRS published a DRAFT Form W-8BEN and Instructions. Similar to the recently published DRAFT Forms W-8ECI and IMY

Aug 27, 20211 min read

2021 DRAFT Form W-8IMY With Many Changes!

On August 26, 2021, the IRS published a DRAFT Form W-8IMY (Rev. October 2021) that includes a number of changes and additions to the prior 2

Aug 27, 20212 min read

DRAFT Form W-8ECI And Instructions

On August 25, 2021, the IRS published a DRAFT Form W-8ECI and Instructions with a revision date of October 2021.

Aug 26, 20211 min read

DRAFT Pub. 1167,General Rules and Specifications for Substitute Forms and Schedules

On August 18, 2021, the IRS published a DRAFT Publication 1167, General Rules and Specifications for Substitute Forms and Schedules.

Aug 25, 20211 min read

IRS Pushes Applicability Date of Certain Provisions Under Sections 1446(a) and (f)

On August 24, 2021, the IRS published Notice 2021-51, intending to defer the applicability date of certain provisions under sections 1446(a)

Aug 18, 20212 min read

DRAFT 2021 Form 1042-T Posted!

On August 17, 2021, the Internal Revenue Service posted a DRAFT 2021 Form 1042-T. Although the form itself has not changed, the instructions

Aug 18, 20212 min read

Cayman 2019 and 2020 CRS Compliance Form is Due in Less Than a Month!

On September 15, 2021, Cayman filers will have to submit the new CRS Compliance Form, which will be due annually on that date.

Aug 13, 20211 min read

Cayman DITC Posts New Updates Bulletin

On August 20, 2021, the Cayman Department of International Tax Cooperation posted a new Updates Bulletin that includes Common Reporting Stan

Aug 12, 20211 min read

DRAFT Instructions for Form 8233 (Rev. 2021)

The IRS has published DRAFT Instructions for Form 8233, Exemption from Withholding on Compensation for Independent (and Certain Dependent)

Aug 4, 20211 min read

Attention UK Financial Institutions – the new FIN is in effect!

In June 2021, Finance Bill 2021 received its royal asset. This bill introduced legislation to bring in a new Financial Institution Notice (F

Aug 4, 20212 min read

U.S. Senate Introduced Infrastructure Bill With Crypto Reporting Requirements

In case you missed it, on August 1, 2021, the U.S. Senate unveiled their infrastructure package that included information reporting requirem

Jul 30, 20211 min read

FIRE Updates Are Scheduled to Deploy on September 26, 2021!

Don’t forget the Filing Information Returns Electronically (FIRE) updates coming in September 2021, where we will see

Jul 30, 20213 min read

Incremental Step-down to 250-return Electronic Threshold Is Coming!

On July 23, 2021, the Department of the Treasury and Internal Revenue Service published Proposed Rules for Electronic Filing Requirements

Jul 29, 20212 min read

New Pub. 5118, DRAFT 2021 Form 8966, and DRAFT Instructions for Form 2848!

Comply would like to call your attention to a few updates that the IRS published this week

Jul 23, 20213 min read

Don’t Forget About the Large Business and International Active Campaigns!

Every now and again, taxpayers should have a look at the Large Business and International Division list of currently active campaigns.

Jul 16, 20211 min read

New Publication 5147

On July 6, 2021, the IRS released new Publication 5147, Foreign Account Tax Compliance Act (FATCA) Foreign Financial Institution (FFI)

Jul 9, 20211 min read

New DRAFT 2022 Form 1099-DIV

On July 2, 2021, the IRS published a DRAFT 2022 Form 1099-DIV. This new form includes the following key changes: The 2022 Form 1099-DIV...

Jun 30, 20212 min read

Preview the DRAFT 2021 Pub. 1179

On June 28, 2021, the IRS published a DRAFT Pub. 1179, General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498

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