Tax & Accounting Blog

March Tax Information Reporting Educational Webcasts

March Tax Information Reporting Educational Webcasts

This month’s webcast from Thomson Reuters ONESOURCE Tax Information Reporting features education on withholding and reporting on payments for business and professional services and performances. Educational Webcast Details: Date: Wednesday, March 5th Time: 2:00 PM ET | 1:00 PM CT | Noon MT | 11:00 AM PT Thomson Reuters Tax & Accounting Corporate Software … Read More

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Revised FATCA Foreign Financial Institution Agreement

IRS Revenue Procedure 2014-13, which will be published in the January 13, 2014, Internal Revenue Bulletin, contains the revised text of the FFI Agreement between a participating FFI (foreign financial institution) and the Internal Revenue Service under section 1471(b) of the Internal Revenue Code and § 1.1471-4 of the Income Tax Regulations. It details the … Read More

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18 Countries Have Signed Intergovernmental Agreements with the U.S. for FATCA Implementation

The United States Department of the Treasury recently released the text of six new intergovernmental agreements (IGAs) for the implementation of FATCA (the Foreign Account Tax Compliance Act).  Four of these are reciprocal Model 1 IGAs between the United States and Malta, the Netherlands, Guernsey, and the Isle of Man.  The fifth is a reciprocal … Read More