Apr 72 minCayman CRS Enforcement GuidelinesOn March 31, 2022, the Cayman Tax Information Authority (TIA) published the Enforcement Guidelines in respect of the Common Reporting Standa
Jan 43 minBe Aware of New AEoI Rules and Penalties!Over the last few months, a number of jurisdictions have been reviewing, adjusting, and publishing new guidance regarding Automatic Exchange
Nov 17, 20211 min2022 IRW PenaltiesOn November 8, 2021, the IRS published Revenue Procedure 2021-45, which includes information return penalties for tax year 2022.
Apr 22, 20212 minKnow Your Potential Information Reporting Penalties! Penalties for not filing correct information returns may apply if a filer:
Feb 5, 20211 min2021 Increase in Information Reporting Penalties Reminder! The information return penalties have increased for tax year 2021. Here are the changes from 2020 to 2021.
