KPMG IRW & AEOI Subscription Services

Compliance with information reporting and withholding requirements continues to be challenging, and the failure to comply can be costly.

Cyrus Daftary

Cyrus Daftary

Principal, Information Reporting & Withholding Tax Services, KPMG LLP (U.S.)

+1 212-954-6096
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Tax information reporting and withholding (IRW) regulations and forms are constantly evolving and subject to changing interpretation. KPMG LLP’s (KPMG) Information Reporting & Withholding Tax Services professionals closely monitor these areas and provide a timely news sunscriptions services that keep subscribers abreast of changes and developments to help them mitigate noncompliance risks across three areas:

 

KPMG's IRP e-Alerts

IRP e-Alerts primarily focus on U.S. federal IRW-related technical tax issues and compliance initiatives. Subscribers receive news alerts periodically via e-mail with updates on Internal Revenue Service IRW developments, such as new regulations, notices, and rulings, as well as changes to forms and filing requirements. In addition, the alerts also consider the practicalities of implementation and the potential business impact on companies.

IRP e-Alerts news service can also include an arrangement for subscribers to discuss the content of news alerts, including related U.S. withholding or reporting issues, with KPMG’s experienced IRW professionals.
 

Download more information about the IRP e-Alerts


Samples:

November 7, 2018 | KPMG IRP eAlert #2018-72

IRS Proposed Rules Clarify Information Reporting Safe Harbor

October 26, 2018 | KPMG IRP eAlert #2018-66

Broader Application of Form 1099 Reporting and Backup Withholding Obligations Under the TCJA

 

KPMG's State IRW Alerts

KPMG’s State IRW Alerts provide subscribers with timely and valuable state IRW data and insights. Subscribers have access to tables covering a wide range of state IRW information related to financial products, securities, retirement plans and IRAs, federal Forms 1099-A, 1099-C, and 10899-K, and more. Subscribers also receive weekly updates on related developments.
 

Samples:

KPMG's State IRW Alert - Weekly Bulletin - January 28, 2019

Indiana, New Jersey, Wisconsin, and New York updates

 

KPMG AEOI Updates & Tracking Service

KPMG AEOI Updates & Tracking Service is designed to help subscribers keep up to date with changes to U.S. Foreign Account Tax Compliance Act (FATCA) and the Organisation for Economic Co-operation and Development’s Common Reporting Standard (CRS) across more than 30 countries. Subscribers select the jurisdictions they want to track and receive tailored ongoing alerts of FATCA and CRS Automatic Exchange of Information (AEOI) developments in selected jurisdictions, monthly summaries of alerts, and monthly Excel grid of updates and regime status.
 

Download more information about KPMG AEOI Updates & Tracking Service

 

Samples:

KPMG REG FATCA Alert - March 25, 2019

Ireland: Issued Update to the Ireland US FATCA IGA

KPMG REG CRS Alert - March 21, 2019

Russia: Updated Portal Instructions and the Electronic Format for Information Reporting

Professionals in KPMG’s Information Reporting & Withholding Tax Services practice offer a wide range of information reporting consulting services and technology solutions to help financial services entities and multinational companies comply with U.S. and foreign withholding requirements and reporting regimes. By actively working with KPMG International member firm partners and professionals around the world, we can advise you on the application of local country rules and procedures, while helping you implement a consistent global approach.