Last month, the Department of the Treasury published its Fiscal Year 2022 Revenue Proposals (The Proposals) which impact U.S. federal tax...

On June 3, 2021, the Cayman DITC published an Updates Bulletin that includes details related to the Foreign Account Tax Compliance Act...

On May 17, 2021, The Treasury Inspector General For Tax Administration (TIGTA) published a report titled...

When filers submit U.S. tax or information returns with a missing or incorrect TIN...

With the possibility of penalty notices for 2020 information returns just around the corner...

Don’t forget that filers with an information reporting failure penalty that is due to reasonable cause and not wilful neglect may be able to

Penalties for not filing correct information returns may apply if a filer:

Now that Forms 1099 have been filed for the year, it is time to consider any errors noted and the corrections required.

Comply would like to share a few reminders as we head into the filing season for 2020 Forms 1042 and 1042-S.

On February 23, 2021, the IRS published the 2021 Instructions for Form 1042-S. Follow the link to review these new instructions. Updates...

Reminder! The information return penalties have increased for tax year 2021. Here are the changes from 2020 to 2021.