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FATCA/CRS: Cayman Islands Deadlines & Jurisdictions
On June 26, 2025, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting...
Elizabeth A. McMorrow
Jun 26


Bahamas CRS Partner Activation List & Portal Dates
On June 4, 2024, the Bahamas Competent Authority posted the updated Common Reporting Standard (CRS) activation list for Y2024 reporting....
Elizabeth A. McMorrow
Jun 5
FATCA GIIN Timing Issues
Timing is everything in life and timing counts in obtaining a GIIN for FATCA. Poor timing can impact opening a bank account, submitting...
Elizabeth A. McMorrow
May 20
BVI Mandatory FATCA/CRS Portal Payment Finally Live
The previously announced British Virgin Islands International Tax Authority (BVI ITA) Financial Account Reporting System (BVIFARS)...
Elizabeth A. McMorrow
Apr 9
CTA Limited to Foreign Reporting Companies
The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule on Friday, March 21, 2025. The interim final rule removes...
Elizabeth A. McMorrow
Mar 24
Time to Check If Your U.S. Entity Was Stricken
Many companies with operations outside of the U.S. have a U.S. limited liability company (LLC) or U.S. corporation as part of their...
Elizabeth A. McMorrow
Mar 18
How to Access FATCA Messages
You registered your Financial Institution in the U.S. Internal Revenue Service (IRS) FATCA portal. You received a Global Intermediary...
Elizabeth A. McMorrow
Mar 17
End of CTA / BOI
End of CTA / BOI The U.S. Government issued the following press release last night (Sunday, March 2, 2025): Treasury Department Announces...
Elizabeth A. McMorrow
Mar 3


CTA Update: No Fines
Last night (February 27, 2025), the Financial Crimes Enforcement Network (FinCEN) announced it will not take any enforcement action...
Elizabeth A. McMorrow
Feb 28
CTA Is Mandatory / Deadline March 21
On February 18, 2025, the U.S. District Court for the Eastern District of Texas eliminated the Smith nationwide injunction. In response,...
Elizabeth A. McMorrow
Feb 19
Waiting for Next CTA Court Decision
Courts The original deadline for entities subject to the U.S. Corporate Transparency Act (CTA) which were formed prior to January 1, 2024...
Elizabeth A. McMorrow
Feb 17
U.S. Supreme Court CTA/BOI Update
The U.S. Supreme Court issued the following on January 23, 2025: “Application (24A653) for stay presented to Justice Alito and by him...
Elizabeth A. McMorrow
Jan 24
Bahamas AEOI Portal Open Extended to February 28
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will remain open an additional month for...
Elizabeth A. McMorrow
Jan 21
CTA BOI: And the Injunction Is Back
Your confidence in the American legal system may be going down by the day but there is yet another CTA / BOI legal update. On Thursday...
Elizabeth A. McMorrow
Dec 28, 2024
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