IRS Launches New Quality Review Tool for Form 1042-S

At a glance Schedule a consultation with Aprio today. The full story: On November 16, the Internal Revenue Service (IRS) launched Form 1042-S Data Integrity, a new online tool to assist U.S. withholding agents in complying with their reporting and withholding responsibilities regarding Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding. The software program…

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The Pulse on the Economy and Capital Markets: Nov 8 – Nov 12, 2021

At a glance: Overall higher than expected inflation caused the stock market and bond market to decline while bitcoin and emerging markets increased last week. GE and Johnson & Johnson take significant action and break up their company’s structure. The ability to work remotely is reshaping the housing market and causing rent increases among warmer…

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Double Edged Sword – International Taxation Proposals Under The Recent Build Back Better Act May Result in Increased Tax and Compliance Challenges

World map with binary code

At a glance To learn more about these potential impacts, schedule a free consultation today. The full story: The Build Back Better Act (BBBA) is the centerpiece of President Biden’s domestic social policy agenda and has been the subject of lengthy negotiations among House and Senate Democrats. This tax overhaul, like almost all tax-related legislation over the…

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Infrastructure Investment Jobs Act and Build Back Better Act: What’s in these Bills and the Impact on You and Your Business

At a glance: The Infrastructure Investment Jobs Act passed by Congress on November 5, 2021 has been sent to President Biden to sign. Learn about the incentives included and how they may benefit you and who will pay for the benefits. Learn about the new crypto filing requirements that will impact everyone involved in investing…

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