IRS Delays E-Service Re-Registration Planned for October 24

IRS Delays E-Service Re-Registration Planned for October 24

October 5, 2016, 2:26 pm EDT in Affordable Care Act, Blog, Tax Information Reporting

Update from the IRS as of October 24th Revised Date Information for e-Service Users To ensure a smooth transition, the IRS has decided to delay the October 24 date for requiring e-services users to re-register and validate their identities through Secure Access authentication. In the next few weeks, the IRS...

Sovos AEOI Networking Series

Sovos Kicks Off Networking Series: CRS Expected to Increase Reportable Accounts Fivefold

October 5, 2016, 11:39 am EDT in AEOI Reporting, Blog, Events

Overview Sovos Compliance kicked off its networking series with in New York on September 22nd with an event focused on Automatic Exchange of Information (AEOI) reporting. The agenda included a panel discussion with Alex Crenshaw from Wells Fargo, Chris Liguori from State Street, and Josh Herrera from Morgan Stanley. Lani Chou (Pricewaterhouse Coopers)...

Louisiana adds new surcharges and fees.

More Changes Coming to Louisiana: Somebody Call 911

September 30, 2016, 3:25 pm EDT in Blog, Enterprise Sales Tax

Louisiana has two upcoming changes effective October 1 that were not highly publicized.Changes in taxability have become almost routine in Louisiana over the past few months. While most of the major changes were completed as of July 1, 2016, additional adjustments that have not been well-publicized will go into effect...

SAF-T Online Tax Reporting Forces Transparency

Standard Audit File for Tax (SAF-T): Online Tax Reporting Forces Transparency

September 15, 2016, 11:59 pm EDT in Blog, Value-Added Tax

A number of countries have started implementing a process for submitting transaction data to taxing authorities. Standard Audit File for Tax (SAF-T) was initially agreed upon by the 38 member states of the Organisation for Economic Co-operation and Development (OECD) in 2005. On July 1, 2016, Poland was the first...

Evaluating AEOI Solutions: Top Questions to Consider

Evaluating AEOI Solutions: Top Questions to Consider

September 14, 2016, 8:00 am EDT in Blog, Global Information Reporting

For financial institutions looking to proactively comply with global reporting standards including Foreign Account Tax Compliance Act (FATCA), Crown Dependencies and Overseas Territories (CDOT) legislation and the Common Reporting Standard (CRS) while minimizing costs and risks, our recent report showed that an Automatic Exchange of Information (AEOI) solution is key....