Tax & Accounting Blog

What It Means to Japan Now That the U.S. Is No Longer Participating In the TPP

What It Means to Japan Now That the U.S. Is No Longer Participating In the TPP

The official announcement, January 20, 2017, from the U.S. President regarding separation as a member of the Trans Pacific Partnership Agreement (TPP) was an unexpected outcome for most industries in Japan.  Japan had much to gain with the U.S. on this agreement and had been looking to establish new processes and procedures based on the … Read More

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

On April 3, 2017, Mexico’s Office of the Taxpayer Advocate (PRODECON) published a final report for presenting the master file, local file and country-by-country (CbC) report under Article 76-A of the Income Tax Law. These documentation requirements apply from January 1, 2016, with initial CbC reports due by December 31, 2017 … Read More

What a New IRS Change to Form 1098-T Means for Colleges and Students

What a New IRS Change to Form 1098-T Means for Colleges and Students

Among the changes that the IRS has decided to make for 2017 tax year is a change to Form 1098-T, an important record for educational institutions such as universities as well as for their students. Eligible educational institutions file Form 1098-T for each student they enroll and for whom a reportable transaction is made. They … Read More