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

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

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

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

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

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

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

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

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...

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

On June 10, 2021, the IRS published Notice 2021-36, stating that it intends to amend regulations under sections 59A and 6038A to defer...

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

We are excited to announce that Comply Exchange will be sponsoring this year’s International Tax Withholding & Information Reporting...

The DITC Compliance Team identified certain areas where FIs may not have complied with CRS Regulations.

We will be both sponsoring and speaking at the 2021 Tax Reporting & Withholding Conference on April 27th and 28th.

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.

On March 31, 2021, the Cayman DITC posted an Updates Bulletin addressing FATCA, CRS, Economic Substance, and the CbCR Portal Accessibility.

The Comply Exchange E-Forms solution eliminates the need for multiple form solicitation by providing a streamlined 'Dual Certification' pro

The BVI Financial Account Reporting System (BVIFARS) Portal is open.

In January, the OECD published Updated Guidance on Tax Treaties. Due to the many restrictions brought about by COVID-19 during 2020 and...

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

In a DITC Portal Update, the Cayman government extended the 2019 CRS Compliance Form deadline to September 15, 2021. This extension is...