Ideas & Insights

Cayman Islands just launched its new DITC portal and extended the due date for filing FATCA and CRS reports to Dec. 16, 2020.

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

The U.S., Cayman, and other jurisdictions extend deadlines for filing FATCA and CRS reports, but exams and compliance programs continue.

Cayman Islands has extended the deadline for filing 2019 FATCA and CRS reports to September 2020 and intends to launch a new portal.

U.S. investment funds, banks and other FIs with foreign investors may need to remediate volumes of tax withholding certificates.

There are five key actions to take now to prepare to file information returns in January to ensure compliance with FATCA.

The IRS has issued guidance for withholding agents on the submission of delinquent international withholding forms.

Proposed regulations reducing burdens under the Foreign Accounts Tax Compliance Act and Chapter 3 provide relief for Withholding agents.

The deadline for FFIs to certify compliance and confirm their status rapidly approaches. Login to the FATCA portal now to avoid exposure.

IRS expands the list of international tax specific issue-based compliance campaigns identified by the LB&I division of the IRS.

The IRS has announced that it is currently planning to launch the FATCA certification portal in late July or early August.

IRS alert highlights a scam that uses the complicated requirements of foreign withholding and reporting certificates to prey on taxpayers.

Taxpayers and practitioners should note several new developments with respect to CRS as they ready for the FATCA/CRS reporting season.

The IRS has released new Frequently Asked Questions that provide additional guidance with respect to several issues.

New guidance released by the IRS formally eases the mandate requiring banks and other withholding agents to collect FTINs.

Revised Form W-8IMY contains new certifications and treatments to better align with requirements in final and temporary regulations.

Cayman Islands extends deadline for Cayman financial institutions to provide notification of their intent to file FATCA and CRS reports.

The IRS may provide relief to certain financial institutions required to collect foreign TINs by Jan. 1, 2018.

Learn what financial institutions need to know to comply with the Common Reporting Standard and the Foreign Account Tax Compliance Act.

The IRS has published new FFI and QI agreements along with temporary regulations and a new QI system.