The Comply Catch-Up – October 2022 Issue 23

The Comply Catch-Up – October 2022 Issue 23

Key Dates and Reminders On October 3, 2022, the IRS announced that it will soon transition the Qualified Intermediary, Withholding Foreign Partnership, Withholding Foreign Trust Application and Account Management System (QAAMS) to a new sign-in system. The new system...
The Comply Catch-Up – September 2022 Issue 22

The Comply Catch-Up – September 2022 Issue 22

Key Dates and Reminders On September 22, 2022, the IRS released Rev. Proc. 2022-35 which updates prior guidance and adds Turkey to the current published list of countries with which the United States has in effect a relevant information exchange agreement with respect...
The Comply Catch-Up – August 2022 Issue 21

The Comply Catch-Up – August 2022 Issue 21

Key Dates and Reminders If you filed Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns, requesting an extension of time to file Form 1042, then you should mail your Form 1042 by September 15,...
The Comply Catch-Up – July 2022 Issue 20

The Comply Catch-Up – July 2022 Issue 20

Key Dates and Reminders On July 8, the U.S. Treasury Department provided notice to Hungary that it is terminating the U.S.-Hungary income tax treaty, first enacted in 1979. The Treasury explained this action citing long-standing concerns with Hungary’s tax...
The Comply Catch-Up – June 2022 Issue 19

The Comply Catch-Up – June 2022 Issue 19

Key Dates and Reminders On June 16, 2022, the IRS provided an update on the transition to the new Information Returns TCC (IR-TCC) Application for Filing Information Returns Electronically (FIRE) for customers who received their TCC(s) prior to September 26, 2021....
The Comply Catch-Up – May 2022 Issue 18

The Comply Catch-Up – May 2022 Issue 18

Key Dates and Reminders On April 27, 2022, Ireland Revenue published an update to its Tax and Duty manual (TDM) Part 02-01-03 taxation of crypto-asset transactions. The purpose of the TDM is to provide guidance on the tax treatment of various transactions involving...