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FATCA Provisions in the HIRE Act (H.R. 2847)

New Reporting Requirements, Penalties for Foreign Financial Institutions, Account Holders H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act, signed into law on March 18th, mandates 30 percent tax withholding on payments to foreign financial institutions (FFIs) that fail to comply with...

FATCA Provisions in the HIRE Act (H.R. 2847)

New Reporting Requirements, Penalties for Foreign Financial Institutions, Account Holders H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act, signed into law on March 18th, mandates 30 percent tax withholding on payments to foreign financial institutions (FFIs) that fail to comply with...

Small Business Jobs Act of 2010

By Mitchell R. Kops , Sanford J. Davis , and William J. Kambas President Obama recently signed into law the Small Business Jobs Act of 2010 (the "Act"). After stalling in Congress earlier this year, the Act progressed rapidly in the month of September as the Senate and House approved...

Small Business Jobs Act of 2010

By Mitchell R. Kops , Sanford J. Davis , and William J. Kambas President Obama recently signed into law the Small Business Jobs Act of 2010 (the "Act"). After stalling in Congress earlier this year, the Act progressed rapidly in the month of September as the Senate and House approved it...

Further Guidance on Reporting on U.S. Accounts by Foreign Financial Institutions (FFIs)

[ Editor's Note: This narrative is derived from Rhoades & Langer, U.S. International Taxation and Tax Treaties § 27.02[1][j] (Matthew Bender) .] In 2010, Congress adopted a rather complicated set of rules designed to further enforce compliance of U.S. tax and money laundering laws by...

Further Guidance on Reporting on U.S. Accounts by Foreign Financial Institutions (FFIs)

[ Editor's Note: This narrative is derived from Rhoades & Langer, U.S. International Taxation and Tax Treaties § 27.02[1][j] (Matthew Bender) .] In 2010, Congress adopted a rather complicated set of rules designed to further enforce compliance of U.S. tax and money laundering laws by U...