Tax & Accounting Blog

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New Details on FATCA Registration Process Released

The IRS’ June 20 FATCA Newsletter released new details on the FATCA registration process. The online system being built hopes to make foreign financial institution (FFI) registration as painless as possible. Some of the key details included in the newsletter are: FFIs will register through an online system Each FFI must designate a FATCA representative (referred to … Read More

Items to Consider In Nonresident Alien Payroll Processing

Items to Consider In Nonresident Alien Payroll Processing

Are all of your employees either U.S. citizens or U.S. lawful permanent residents? Form I-9, Work Authorization Verification, indicates a choice of four categories for employees: U.S. citizen U.S. national U.S. lawful permanent resident A nonimmigrant authorized to work through [a specified date] If no, do you capture immigration status history and U.S. presence … Read More