On June 26, 2025, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting...

On June 4, 2024, the Bahamas Competent Authority posted the updated Common Reporting Standard (CRS) activation list for Y2024 reporting....

Timing is everything in life and timing counts in obtaining a GIIN for FATCA. Poor timing can impact opening a bank account, submitting...

The previously announced British Virgin Islands International Tax Authority (BVI ITA) Financial Account Reporting System (BVIFARS)...

The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule  on Friday, March 21, 2025. The interim final rule removes...

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...

You registered your Financial Institution in the U.S. Internal Revenue Service (IRS) FATCA portal. You received a Global Intermediary...

End of CTA / BOI The U.S. Government issued the following press release last night (Sunday, March 2, 2025): Treasury Department Announces...

Last night (February 27, 2025), the Financial Crimes Enforcement Network (FinCEN) announced it will not take any enforcement action...

On February 18, 2025, the U.S. District Court for the Eastern District of Texas eliminated the Smith nationwide injunction. In response,...

Courts The original deadline for entities subject to the U.S. Corporate Transparency Act (CTA) which were formed prior to January 1, 2024...

The U.S. Supreme Court issued the following on January 23, 2025: “Application (24A653) for stay presented to Justice Alito and by him...

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will remain open an additional month for...

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...