Tag: IRS

Finland’s financial institutions face one of the shortest FATCA and CRS reporting timelines in the world, with just 31 days each January to file...

Every October, as haunted houses open and horror movies take over screens, finance and compliance teams face a fright of their own — year-end...

Onboarding new customers or vendors can often feel overwhelming — a necessary but complex process that can easily become a compliance minefield. When tax...

Financial institutions have long struggled with the cumbersome process of managing tax certification documents, particularly the W-8IMY form used for non-U.S. intermediaries. This extensive...

As financial institutions gear up for the 2025 tax reporting season, the regulatory landscape is undergoing significant transformation. The Internal Revenue Service (IRS) has...

Tax evasion remains one of the most costly crimes in the global financial system, depriving governments of an estimated half a trillion dollars every...

In today’s financial markets, the asset management ecosystem has become more connected and interdependent than ever before. According to TAINA Technology, asset managers, fund administrators,...

Policies and procedures are often underestimated, yet they are critical for building an audit-ready tax compliance programme.

In the ever-shifting landscape of tax compliance, timing can be the deciding factor between seamless operations and regulatory headaches. A crucial, yet often overlooked aspect of this timing is the IRS sunset period—the window of time given to transition from an old version of a tax form to its updated counterpart.

Banks in the US will benefit from greater flexibility in collecting Taxpayer Identification Numbers (TINs) under new Customer Identification Program (CIP) rules from FinCEN, the OCC and the FDIC.