¡Después de Diez Años, FATCA NO SE VA!

January 2021

FATCA se convirtió en ley en Marzo del 2010 con el objetivo de combatir el incumplimiento de la declaración del impuesto sobre la renta internacional por parte de ciudadanos estadounidenses y residentes contribuyentes estadounidenses (contribuyentes estadounidenses). Requiere que las Instituciones

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El Cumplimiento No Debe Estar “Sub-Financiado”

January 2021

Los profesionales de cumplimiento continúan protegiendo a sus instituciones financieras durante estos tiempos sin precedentes. Se han convertido en una fuente de información regulatoria para las Instituciones Financieras que enfrentan desafíos que cambian día a día. A medida que la

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FinCEN Proporciona Una Bienvenida Aclaración a la Sección 314(b)

January 2021

La Sección 314(b) del Acta Patriota de los EE. UU. (Sec. 314) fue redactada por el Congreso en el 2001 para permitir que las instituciones financieras trabajen con las agencias de aplicación de la ley y entre sí para apoyar

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Comisionado del IRS envía un Mensaje Importante a los Contribuyentes de Altos Ingresos que No Declaran

January 2021

El 3 de diciembre del 2020, el IRS publicó “Cómo el IRS prioriza el trabajo de cumplimiento en los no declarantes de altos ingresos a través de esfuerzos nacionales e internacionales” en el Estudio titulado “Closer Look”.  El estudio se

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FinCEN provides a Section 314(b) welcomed clarification

January 2021

Section 314(b) of the USA PATRIOT Act (Sec 314) was drafted by Congress in 2001 to allow financial institutions to work with law enforcement agencies and with each other to support the common goal of deterring money laundering and terrorist

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Get Started with Reducing your 2020 Tax bill now

December 2020

  • Daily Business Review

The Anti-Money Laundering Act of 2020 may be a Game-Changer for Compliance Professionals

December 2020

On December 2, 2020, the ‘‘William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021’’ was passed by the U.S. House of Representatives.  The Act includes DIVISION F (ANTI-MONEY LAUNDERING).  This Division is cited as the ‘‘Anti-Money Laundering

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IRS Agents Use Methods of Proof

December 2020

The IRS has tools inside of its Internal Revenue Manual (“IRM”) available to its agents for determining a Taxpayer’s taxable income as well as documenting its adjustments and corrections through what it calls “Methods of Proof”.  The IRM describes seven

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Compliance Shall Not be “Underfunded”

December 2020

Compliance Professionals continue protecting their Financial Institutions during these unprecedented times. They have become a source of regulatory information for Financial Institutions facing challenges that are changing from day to day.  As the Pandemic continues, Compliance Departments and Compliance Officers

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“Reasonable Cause” When Dealing with the IRS

December 2020

On November 5, 2020, the IRS removed the Delinquent Information Submission Procedure Program from its Offshore Compliance Options Menu.  Before the removal of this program, a US Taxpayer could file a “delinquent” international information tax return with what is known

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What can I do if I willfully failed to comply with my tax obligations?

Voluntary compliance is the foundation of the US tax system. Although the majority of US Taxpayers voluntarily comply with their obligations, some fail to do so.    Submitting a voluntary disclosure via the Voluntary Disclosure Practice may resolve a Taxpayer’s

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