Elizabeth A. McMorrowMar 19FATCA: No US TIN? Be Prepared to Report WhyHave you collected a U.S. tax identification number (TIN) from each of your U.S. account holders? If you were not able to, the U.S....
Elizabeth A. McMorrowMar 16Bahamas Announces 2021 FATCA/CRS Portal ScheduleThe Bahamas FATCA/CRS portal will open for registration and reporting on Monday, July 19, 2021 at 9 AM EDT. The portal will close for...
Elizabeth A. McMorrowMar 2IRS, FATCA & the IDES of MarchFor those financial institutions (FIs) who submit their FATCA reporting directly to the U.S. Internal Revenue Service (IRS), the March...
Elizabeth A. McMorrowJan 29New Guernsey FATCA/CRS Compliance Statement RequirementThe Guernsey Revenue Service announced Financial Institutions (FIs) must submit Common Reporting Standard (CRS) and FATCA Compliance...
Elizabeth A. McMorrowJan 27New Extension to Cayman CRS Compliance FormThe Department for International Tax Cooperation (DITC) announced the deadline for the first ever CRS Compliance Form is now September...
Elizabeth A. McMorrowJan 14Are You Screening for Politically Exposed Persons?For those not familiar with the U.S. Bank Secrecy Act, hearing the term Politically Exposed Person for the first time might conjure up...
Elizabeth A. McMorrowDec 29, 2020BVI Portal Schedule UpdateThe British Virgin Islands (BVI) International Tax Authority (ITA) announced scheduled interruptions to its BVI Financial Account...
Elizabeth A. McMorrowDec 13, 2020Cayman Portal Deadline & Penalties UpdateThe Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin dated December 10, 2020 with a number...
Elizabeth A. McMorrowDec 8, 2020RO Certs Due December 15, 2020The IRS issued a reminder today re: FATCA RO certifications. "For the certification period ending December 31, 2019 (generally entities...
Elizabeth A. McMorrowNov 11, 2020Improved Muslim-Israel Relations & U.S. Antiboycott ComplianceIn the midst of the U.S. Presidential campaign, came positive economic and diplomatic news as members of the Trump administration...
Elizabeth A. McMorrowNov 8, 2020New Cayman Portal Finally OpenThe Cayman Islands Department for International Tax Cooperation’s (DITC) new portal is now open. The DITC has also issued its 43-page...
Elizabeth A. McMorrowNov 4, 2020Cayman FATCA/CRS Reporting Deadline December 16, 2020The Cayman Islands Department for International Tax Cooperation (DITC) announced its new portal will open in early November 2020 and the...
Elizabeth A. McMorrowSep 25, 2020Another Delay for Cayman FATCA/CRS Portal LaunchRecently the Cayman Islands launched its new website with the promise that the new portal would be launched in Q3 2020. However, the...
Elizabeth A. McMorrowSep 24, 2020New Bahamas FATCA/CRS ExtensionThe Bahamas Competent Authority has announced an additional extension to FATCA/CRS reporting. Instead of closing the portal on September...
Elizabeth A. McMorrowSep 15, 2020Bahamas Offline on September 19The Bahamas FATCA/CRS portal will be offline for maintenance on Saturday September 19, 2020 from 4 AM to 1 PM EDT. The portal is...
Elizabeth A. McMorrowSep 10, 2020Don’t Take My Passport Away!We have learned many great techniques for communicating during COVID which may have been previously handled through international...
Elizabeth A. McMorrowSep 2, 2020BVI Portal Is LiveThe new BVI portal is back on line and open for FATCA and CRS reporting. The deadline for CRS (where extensions were previously granted...
Elizabeth A. McMorrowAug 26, 2020FATCA: Mandatory Certification for GIIN DeregistrationThe deregistration of an entity from the IRS FATCA portal may be necessary as a result of the sale, liquidation or other termination of...
Elizabeth A. McMorrowAug 24, 2020New Cayman Website LaunchedThe Caymans has launched its new fresh looking website which covers: CRS, FATCA, Economic Substance, Exchange of Information, and CBCR....