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House Passes Mobile Workforce Bill to Improve State Income Tax Withholding Compliance
The House of Representative passed legislation this week to streamline tax withholding compliance requirements for employers and for their employees who work in more than one state. H.R. 1864, the Mobile Workforce State Income Tax Simplification Act of 2011, passed by voice vote after a year of strong support from many groups, including the National [...]
Takeaways from IRS Public Hearing on FATCA Implementation
Convey attended the IRS public hearing on the proposed regulations for the Foreign Account Tax Compliance Act (FATCA) implementation in Washington D.C. this week to follow the financial industry’s reaction to this hot topic. With twenty one speakers and over eighty comment letters from financial institutions around the globe, the hearing was very well attended [...]
