On January 1, 2024, new direct reporting requirements to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury, became effective – known as the Corporate Transparency...more
1/31/2024
/ Beneficial Owner ,
Business Entities ,
Canada ,
Corporate Issuers ,
Corporate Transparency Act ,
Effective Date ,
Exemptions ,
Filing Deadlines ,
FinCEN ,
Foreign Issuers ,
Form 10-K ,
NYSE ,
Reporting Requirements ,
Securities Exchange Act ,
Subsidiaries
Canadian persons and entities owning a significant interest in a U.S. corporation or U.S. entity classified as a “disregarded entity” for U.S. federal income tax purposes should ensure they are compliant with IRS Form 5472...more
An often overlooked exception to U.S. withholding taxes may result in a lower overall U.S. tax burden.
The Foreign Account Tax Compliance Act (“FATCA”) was enacted in an effort to ensure that U.S. taxpayers could not...more
2/3/2021
/ FATCA ,
Financial Institutions ,
Foreign Financial Accounts ,
Foreign Investment ,
Gross Proceeds ,
IRS ,
Offshore Funds ,
Proposed Legislation ,
Reporting Requirements ,
Tax Evasion ,
Tax Planning ,
U.S. Treasury ,
Withholding Requirements