What is FDAP?

What is FDAP?

Do you make payments of U.S. source fixed, determinable, annual, or periodic (FDAP) income? If so, join us for a refresher on FDAP income including what it is and reporting implications. Who is impacted  Any personnel working with U.S. withholding agents or payors that make payments of U.S. sourced fixed, determinable, annual, or periodical income […]

Why You Need a Process and Procedures guide?

Why you need a Process & Procedures guide?

With the reporting season behind us, it is time to update or initiate your Process and Procedures guide. This guide serves as your primary defence in the event of an Internal Revenue Service …

New Draft Form W-8EXP

New Draft Form W-8EXP

The IRS released the draft version of Form W-8EXP in June 2023, with a revision date of October 2023. This underscores the need for organizations to proactively plan for changes, including …

Comply Exchange CEO featured in Forbes!

Comply Exchange CEO - David Marley Forbes

Forbes features Comply Exchange CEO, David Marley, as a prominent voice in the realm of AI and Tax Operations. In a thought-provoking article, David highlights the many advantages of …

What are the different types of Forms 1099? 

Do You Know the different types of Forms 1099?

Forms 1099 are used to report on U.S. persons who are receiving certain types of income, such as interest, royalties, and dividends. Unlike the Form 1042-S, the form used to report on non-U.S. …