Tax Law

Recent Posts

Further Guidance on Reporting on U.S. Accounts by Foreign Financial Institutions (FFIs)
Posted on 30 Nov 2011 by Rufus Rhoades

[ 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... Read More

Further Guidance on Foreign Financial Asset Reporting
Posted on 3 Jul 2012 by Rufus Rhoades

[ Editor's Note: This narrative is derived from Rhoades & Langer, U.S. International Taxation and Tax Treaties, Chapter 9 (Matthew Bender) .] Virtually all individual taxpayers (and certain entities called "specified domestic entities"... Read More

HIRE Act Focuses on Disclosure and Reporting by Foreign Financial Institutions
Posted on 23 Apr 2010 by Joan C. Arnold and Laura D. Warren

H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE), was signed into law on March 18. This law contains provisions previously included in proposed legislation in the Foreign Account Tax Compliance Act of 2009 (H.R. 3933, S. 1934), known... Read More

Final FATCA Regulations Issued 1/17/2013
Posted on 18 Jan 2013 by LexisNexis Tax Law Community Staff

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued TD 9610 Final Regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA). The... Read More

FATCA's Application to Foreign Entities and Foreign Assets
Posted on 25 Mar 2013 by LexisNexis Tax Law Community Staff

Editor's Note: The following is an excerpt from Chapter 6 of the forthcoming LexisNexis® Guide to FATCA Compliance by William Byrnes and Robert Munro, scheduled for publication in May 2013. Types of Entities The Foreign Account Tax Compliance... Read More

FATCA (Foreign Account Tax Compliance Act) Proposed Regulations
Posted on 26 Jun 2012 by Pamela Revak

The most recent proposed Foreign Account Tax Compliance Act (FATCA) regulations are designed to lighten the due diligence and compliance burden on foreign financial institutions and U.S. withholding agents, especially with respect to high value accounts... Read More

FATCA Provisions in the HIRE Act (H.R. 2847)
Posted on 26 Mar 2010 by Peter Miller

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... Read More

New Jobs Bill's Tax Provisons Favor Employers
Posted on 25 Mar 2010 by Patricia Hughes Mills, J.D., L.L.M.

Hiring Incentives to Restore Employment Act ("HIRE" Act) tax provisions include a payroll tax holiday for employees hired in 2010, along with an employer tax credit if those employees are retained for a year. HIRE also increases business assets... Read More

Further Guidance on Foreign Financial Asset Reporting
Posted on 3 Jul 2012 by Rufus Rhoades

[ Editor's Note: This narrative is derived from Rhoades & Langer, U.S. International Taxation and Tax Treaties, Chapter 9 (Matthew Bender) .] Virtually all individual taxpayers (and certain entities called "specified domestic entities"... Read More

Further Guidance on Reporting on U.S. Accounts by Foreign Financial Institutions (FFIs)
Posted on 30 Nov 2011 by Rufus Rhoades

[ 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... Read More

HIRE Act Focuses on Disclosure and Reporting by Foreign Financial Institutions
Posted on 23 Apr 2010 by Joan C. Arnold and Laura D. Warren

H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE), was signed into law on March 18. This law contains provisions previously included in proposed legislation in the Foreign Account Tax Compliance Act of 2009 (H.R. 3933, S. 1934), known... Read More

Final FATCA Regulations Issued 1/17/2013
Posted on 18 Jan 2013 by LexisNexis Tax Law Community Staff

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued TD 9610 Final Regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA). The... Read More

FATCA Provisions in the HIRE Act (H.R. 2847)
Posted on 26 Mar 2010 by Peter Miller

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... Read More

FATCA (Foreign Account Tax Compliance Act) Proposed Regulations
Posted on 26 Jun 2012 by Pamela Revak

The most recent proposed Foreign Account Tax Compliance Act (FATCA) regulations are designed to lighten the due diligence and compliance burden on foreign financial institutions and U.S. withholding agents, especially with respect to high value accounts... Read More

New Jobs Bill's Tax Provisons Favor Employers
Posted on 25 Mar 2010 by Patricia Hughes Mills, J.D., L.L.M.

Hiring Incentives to Restore Employment Act ("HIRE" Act) tax provisions include a payroll tax holiday for employees hired in 2010, along with an employer tax credit if those employees are retained for a year. HIRE also increases business assets... Read More