Las Funciones de Examinación del IRS han Cambiado
En el comentario “A Closer Look: Impacting the Tax Gap”, el Comisionado del IRS, Chuck Rettig, revela que el IRS ha cambiado su enfoque de fiscalización a declaraciones de impuestos que incluyen contribuyentes de altos ingresos, entidades de transferencia (“pass-through”),
- Foodman website and JD Supra
El IRS está en una Misión de Reducir la Brecha Fiscal
La diferencia entre el monto del impuesto adeudado por los Contribuyentes para un año determinado y el monto que realmente se paga oportunamente para ese mismo año se conoce como “Brecha Fiscal Bruta” (“Tax Gap”). El IRS considera este número
- Foodman website and JD Supra
Las Agencias Solicitan Información para Ayudar con el Cumplimiento de las Leyes y Regulaciones del BSA
El 9 de abril de 2021, las agencias reguladoras bancarias federales (la Reserva Federal, “FDIC” y “OCC”) junto con FinCEN y la Administración Nacional de Cooperativas de Crédito emitieron una declaración conjunta que aborda cómo los principios de gestión de
- Foodman website and JD Supra
Out of Compliance Taxpayers Beware of The J5
In 2017, following the Panama Papers and Paradise Papers data leaks, the Organization for Economic Co-operation and Development (OECD) issued a “call to action” for countries to do more to tackle enablers of tax crimes. The result of this “call
- Foodman website and JD Supra
Agencies Request Information to Assist with BSA/AML Laws and Regulations Compliance
On April 9, 2021, the federal banking regulatory agencies (the Federal Reserve, FDIC and OCC) together with FinCEN and the National Credit Union Administration issued a joint statement addressing how risk management principles described in the Supervisory Guidance on Model
- Foodman website and JD Supra
The Federal Reserve expects the Board of Directors of Financial Institutions to be Effective
On February 26, 2021, the Federal Reserve issued Supervisory Guidance (SG) for the Board of Directors (BOD) of Domestic Bank and Savings and Loan Holding Companies requiring effective BOD oversight. The Guidance maintains that the BOD serves a critical
- Foodman website and JD Supra
FinCEN is seeking Feedback on the Corporate Transparency Act (CTA)
The CTA is a recent reporting requirement that is expected to enhance U.S. national security through increasing the difficulty involved for harmful actors to exploit opaque legal structures for laundering money, financing terrorism, proliferating weapons of mass destruction, trafficking humans,
- Foodman website and JD Supra
Closing a Foreign Bank Account will not solve a Taxpayer’s Disclosure Problem
IRS is interested in U.S. Taxpayer financial accounts everywhere in the world. If the IRS learns that a Taxpayer has undisclosed reportable accounts or income before a US Taxpayer reports them, the Taxpayer can face serious consequences including criminal prosecution.
- Foodman website and JD Supra
Forensic Accountants augment a Financial Institution’s Corporate Governance Program
A financial institution’s understanding and management of financial crimes and their genesis would enhance and strengthen its Corporate Governance programs and internal controls. Forensic Accountants with a law enforcement background and with an understanding of the provisions of the Bank
- Foodman website and JD Supra
Included in the AML ACT of 2020 is the Corporate Transparency Act which outlines Beneficial Ownership Reporting Requirements
The Corporate Transparency Act (CTA) is within the AML Act of 2020. It establishes Beneficial Ownership Information Reporting Requirements to facilitate important national security, intelligence, and law enforcement activities; and confirm beneficial ownership information provided to financial institutions to facilitate
- Foodman website and JD Supra
Incluida en la Ley ALD del 2020 está la Ley de Transparencia Corporativa, que describe los requisitos de informes sobre los Titulare Reales
La Ley de Transparencia Corporativa (“Corporate Transparency Act” – “CTA”) se encuentra dentro de la Ley ALD del 2020. Establece requisitos para la presentación de informes de información sobre los titulares reales para facilitar importantes actividades de seguridad nacional, inteligencia
- Foodman website and JD Supra