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Oct 5, 20211 min read
Form W-8ECI (Rev. October 2021) is now final!
On October 4, 2021, the IRS published a final October 2021 revision of Form W-8ECI. This means that within six months, withholding agents a
Oct 1, 20211 min read
Instructions for Form 8233 (Rev. October 2021) are now final!
On September 30, 2021, the IRS published final Instructions for Form 8233 (Rev. October 2021).
Oct 1, 20211 min read
Form W-8BEN (Rev. October 2021) is now final!
On September 30, 2021, the IRS published a final October 2021 revision of Form W-8BEN.
Sep 29, 20211 min read
IRS Released the Publication 1220
On September 27, 2021, the IRS released the Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 54
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.
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 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 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)
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 16, 20211 min read
Notice 2021-36 Deferring Applicability Date For QDP Reporting
On June 10, 2021, the IRS published Notice 2021-36, stating that it intends to amend regulations under sections 59A and 6038A to defer...
Jun 14, 20214 min read
FY 2022 Revenue Proposals Impacts
Last month, the Department of the Treasury published its Fiscal Year 2022 Revenue Proposals (The Proposals) which impact U.S. federal tax...
May 26, 20211 min read
We're Sponsoring Kaplan’s International Tax Withholding & Information Reporting Virtual Conference
We are excited to announce that Comply Exchange will be sponsoring this year’s International Tax Withholding & Information Reporting...
May 24, 20212 min read
Backup Withholding Noncompliance Continues to be an IRS Issue According to TIGTA
On May 17, 2021, The Treasury Inspector General For Tax Administration (TIGTA) published a report titled...
Apr 22, 20212 min read
Know Your Potential Information Reporting Penalties!
Penalties for not filing correct information returns may apply if a filer:
Apr 19, 20212 min read
1099 Errors & Corrections
Now that Forms 1099 have been filed for the year, it is time to consider any errors noted and the corrections required.
Mar 12, 20211 min read
Dual Form Submission
The Comply Exchange E-Forms solution eliminates the need for multiple form solicitation by providing a streamlined 'Dual Certification' pro