Top reporting and withholding actions to take before year-end

Jan 08, 2020
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Global tax reporting Business tax

The IRS continues to launch new Foreign Account Tax Compliance Act reporting and compliance campaigns focused on enforcing regulations governing U.S.-sourced payments made to foreign persons. Staying on top of these changes can be a challenge. We have identified several important actions to take now, and throughout the year to prepare for filing annual tax information returns: