IRS Publishes First FATCA List of Financial Institutions

The IRS published its first list of foreign financial institutions that have registered and obtained a global intermediary identification number as required ... read more >

2013 Form 5500 Compliance Update

ERISA|Tax

By Gerald Nappi

The 2013 Form 5500, Annual Return/Report of Employee Benefit Plan, has been updated to include a new requirement that must be completed by all welfare ... read more >

Ways and Means Committee Redefines Taxpayer Confidentiality - Is Your Information Safe?

Tax

By Michael Darpino

In the spring of 2013, the Internal Revenue Service (the “IRS”) revealed that it had used improper criteria in evaluating the applications ... read more >

A New Era of International Reporting Compliance Set to Begin

The Foreign Account Tax Compliance Act (FATCA) was enacted into law for a few years ago but only now is its presence beginning to be felt. FATCA made several ... read more >

Auto Dealers - One More Reason to Monitor Inventories

Automobile|Tax

By Bob Bandi

Included in a report released by the Treasury Inspector General for Tax Administration, is an interesting fact about IRS audit activities through 2012. ... read more >

EXPIRE Act of 2014... To Extend or Not to Extend... That is the Question

Tax

By Brian Risacher

Only weeks after assuming his position as the new Senate Finance Committee chair, Sen. Ron Wyden (D-Oregon) wasted no time getting down to business, gaining ... read more >

Formation of Insurance Captives

Audit|Tax

By John Popies

Once it has been determined that an insurance captive is a viable option, many things need to be considered/completed. Such items include feasibility studies, ... read more >

IRS Releases Revised Form W-8BEN-E

The IRS has finally released the modified Form W-8BEN-E, which has been out in draft form since May 2013. The updated form is part of the effort to assist ... read more >

Insurance Captives, What Are They Anyway?

Audit|Tax

By John Popies

A captive insurance company is a legally licensed limited-purpose property and casualty insurance company whose main purpose is to insure the risks of ... read more >

Certified Acceptance Agents and the ITIN Process

Tax

By Dennis Mowrey

Every year around this time we get requests from some of our clients to assist them in obtaining ITIN (Individual Taxpayer Identification Numbers) for ... read more >