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

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

In 2002, when Billy Beane, general manager of the Oakland Athletics, declared that his baseball team needed to change to become competitive, many of his fellow coaches, scouts and managers disagreed. Selecting players by subjective processes and batting average was tradition, they said. Anything

We recently reported on the troubles that cost basis stock reporting created for this tax season. Due to these complexities and the requests of several large financial organizations, the IRS has decided to delay cost basis reporting rules for debt instruments and options for one year. Initially,

Ireland recently joined several other European countries in talks with the U.S. concerning FATCA tax regulations. Beginning in February, five other countries – UK, France, Germany, Italy, and Spain began an agreement to comply with U.S. FATCA regulations which will start taking place in January