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Nov 17, 20211 min read
2022 IRW Penalties
On November 8, 2021, the IRS published Revenue Procedure 2021-45, which includes information return penalties for tax year 2022.
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Feb 9, 20211 min read
2020 Form 5471 Instructions
On January 28, 2021, the IRS published Instructions for Form 5471, which include significant changes.
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Feb 5, 20211 min read
2021 Increase in Information Reporting Penalties
Reminder! The information return penalties have increased for tax year 2021. Here are the changes from 2020 to 2021.
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Jan 28, 20211 min read
2019 Cayman CRS Compliance Form Deadline Extension
In a DITC Portal Update, the Cayman government extended the 2019 CRS Compliance Form deadline to September 15, 2021. This extension is...