On March 31, 2022, the Cayman Tax Information Authority (TIA) published the Enforcement Guidelines in respect of the Common Reporting Standa

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

On November 8, 2021, the IRS published Revenue Procedure 2021-45, which includes information return penalties for tax year 2022.

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

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