• Taxport Compass expanded for Affordable Care Act reporting

    Taxport Compass is one of few comprehensive resources for understanding reporting obligations under the Affordable Care Act (ACA).

    Convey Compliance Systems Inc.’s Taxport Compass product was recently updated to include tips for tax information reporting under the Affordable Care Act (ACA). The health care law has complex language that may not be easy to comprehend, and Taxport Compass can be the tool businesses need to understand their ACA reporting requirements.

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  • Taxport Compass expanded for Affordable Care Act reporting

    Taxport Compass is one of few comprehensive resources for understanding reporting obligations under the Affordable Care Act (ACA).

    Convey Compliance Systems Inc.’s Taxport Compass product was recently updated to include tips for tax information reporting under the Affordable Care Act (ACA). The health care law has complex language that may not be easy to comprehend, and Taxport Compass can be the tool businesses need to understand their ACA reporting requirements.

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  • Belgium schedules FATCA agreement signing

    Belgian finance officials are scheduled to sign a FATCA agreement on April 23.

    Belgium is set to sign an intergovernmental agreement (IGA) to comply with regulations of the Foreign Account Tax Compliance Act (FATCA). On April 23, Belgian finance officials and U.S. tax officials will meet to sign the agreement.

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  • FATCA making headway in Kuwait and Hungary

    Hungary's parliament has received a bill to allow for the exchange of information under FATCA.

    With the July 1 withholding deadline for the Foreign Account Tax Compliance Act (FATCA) nearing, countries that have signed or expect to sign an intergovernmental agreement (IGA) to comply with the international tax law are gearing up for their new obligations. Governments are working through the necessary local laws to allow for the transparency of client information, and financial institutions are getting their systems and staff ready to report to the IRS.

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  • State tax directors zero in on improving compliance

    Big data is one of the many tools state tax administrations plan to employ to narrow their individual tax gaps.

    State-level tax administrators are working to improve their enforcement of state tax information reporting obligations and close their individual tax gaps in 2014. However, they are still worried they don’t have the necessary systems to collect the unpaid dues, according to a report from Bloomberg BNA.

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