Information Reporting & Withholding Tax Services

Services to help comply with U.S. and foreign withholding and information reporting regimes

Comply with accuracy

Meet U.S. and foreign information reporting and withholding (IRW) compliance obligations accurately and on time.

Reduce risk of penalties

Reduce or eliminate penalties resulting from improper, delayed, or noncompliant IRW processes.

Keep up with change

Access a team that understands IRW challenges and can help you stay abreast of detailed and ever-evolving due diligence, withholding, and reporting requirements.

Taking the complexity out of compliance

The KPMG Information Reporting & Withholding Tax Services practice offers a wide range of IRW-related consulting services and technology solutions to help our clients navigate both U.S. and non-U.S. regimes, such as:

Internal Revenue Code Chapters 3, 4, and 61
Foreign Account Tax Compliance Act (FATCA)
Common Reporting Standard (CRS).

We can help you manage complex U.S. and foreign reporting, withholding, and due diligence rules; assist you with filing and compliance matters related to Forms 1042-S, 1099, 8966, W-8, W-9, and 8233; and support you in complying with cost-basis reporting, IRC sections 871(m) and 1446(f), FBAR filings, and crypto/digital assets. You can also turn to our IRW team to develop and deliver training to your organization on U.S. and global IRW topics.

Advisory/Consulting Services

Our team can assist you with addressing U.S. and global IRW issues and can be available on an on-call basis. With both technical and practical experience, we can recommend industry-leading practices in such areas as vendor evaluations, target operating model development, and building of compliance processes to address regulatory changes.

Audit/Health Checks

IRS audits are stressful. Our deep experience enables us to help you mitigate audit risks with health checks that cover U.S. resident and nonresident withholding, FATCA and qualified intermediary compliance, responsible officer certifications, and diagnostics of processes and systems for crypto/digital assets, among other items.

Managed Services

When targeted support isn’t enough, we stand ready with KPMG IRW On Demand—managed services support with customized and compliant processes, proprietary enablers, and strategic use of automation—to help you meet your IRW compliance obligations, encompassing tax documentation, due diligence, and reporting.

Logic/Technical Support

Our tech-smart IRW professionals work closely with KPMG Ignition to customize systems logic and proprietary software. We also have significant experience writing tax technical memos on complex issues and requirements documents or logic to assist your internal IT team with new or updated systems of accounting.

Tools and Technology Solutions

KPMG IRW Tax Services includes a range of technology solutions that can help you comply with U.S. and foreign withholding requirements and reporting regimes. Our tools include the KPMG IRW e-Delivery Tool, the RO Toolkit, QI Toolkit and the WP Toolkit.

Subscription Alert Services

IRW regulations and forms are constantly evolving and subject to changing interpretation. Our professionals closely monitor these areas and provide timely information that keeps subscribers abreast of changes and developments happening at the state, national, and international levels through three subscription-based services.

Learn more about our subscription alert services

KPMG IRP Alert

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

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KPMG State IRP Alert

Provides 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 1099-K, and more. Subscribers also receive weekly updates on related developments.

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KPMG AEOI Updates & Tracking Service

Helps subscribers keep up to date with changes to FATCA and the OECD’s CRS across more than 30 countries. Subscribers select the jurisdictions they want to track and receive tailored ongoing alerts, monthly summaries of alerts, and a monthly Excel grid of updates and regime status.

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What makes us different?

Failure to comply with IRW regulations and forms, which are constantly evolving and subject to interpretation, can be costly. Our wide range of IRW Tax Services, supported by an array of KPMG resources, is designed to help you comply with confidence.

Deep team experience

Our experienced IRW professionals include individuals who have worked in industry or at U.S. Treasury, the IRS, and the OECD, some of whom were actively involved in the development of IRW regimes. The team also includes licensed tax specialists, CPAs, IRS enrolled agents, software developers, and former technology leads.

Technology 

Our knowledge of tax regulations, processes, operational procedures, and account and payment systems can help you put the right technology and tools—from both technology vendors and proprietary KPMG tools and enablers—in place to manage the complexities of IRW requirements compliance.

Global member firm network

By actively working with IRW professionals in KPMG International member firms around the world, we can advise you on the application of local-country rules and procedures, while helping you implement a consistent global approach.

Washington National Tax

Washington National Tax, the technical core of the KPMG Tax practice, serves as a premier resource for clients and KPMG professionals in resolving complex tax issues.

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Deep team experience Technology  Global member firm network Washington National Tax

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Information Reporting & Withholding Tax Services

Taking the complexity out of compliance

Learn more about our subscription alert services

IRW & AEOI Subscription Services: Three-Month Free Trial