IRPAC Issues Annual Report and Recommendations to IRS
The Information Reporting Program Advisory Committee (IRPAC) has released its annual report for 2013, providing numerous recommendations to the Commissioner of Internal Revenue on new and existing...
View ArticleGoose Creek South Carolina Hospitality Tax
The city of Goose Creek, South Carolina, has enacted a new hospitality tax of 2% effective January 1, 2014. The new tax is controversial, with many residents questioning why the city council decided...
View Article18 Countries Have Signed Intergovernmental Agreements with the U.S. for FATCA...
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...
View ArticleRevised 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...
View ArticleMarch 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....
View ArticleThe Challenge of Finding an Experienced Fiduciary Tax Professional
As the number of experienced fiduciary tax professionals decreases, technology is transforming every aspect of the tax and accounting industry — from the challenges professionals face to the way they...
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