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

Comply would like to call your attention to a few updates that the IRS published this week

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...

On June 10th and 11th, we sponsored and attended the International Tax Withholding & Information Reporting Virtual Conference hosted by

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...

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

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

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.