March 2012 - Sherayzen Law Office

31 March 2012
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IRS Announces Procedures Adjusted for APA and Certain Competent Authority Requests

31 March 2012, Comments: 0

The Internal Revenue Service, Deputy Commissioner (International), Large Business and International Division (“LB&I”), announced certain organizational and administrative changes and transitional procedures in connection [...]


24 March 2012
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Official Treasury Currency Conversion Rates of December 31, 2011

24 March 2012, Comments: 0

The U.S. Department of Treasure recently published its official currency conversion rates for December 31, 2011 (they are called “Treasury’s Financial Management Service rates”). [...]


11 March 2012
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IRS Form W-9, FATCA and FBAR Compliance

11 March 2012, Comments: 0

The Foreign Account Tax Compliance Act (“FATCA”) produced a major catalyst for the usage of Form W-9 by the banks in order to identify [...]


10 March 2012
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IRS Form 944 Basics

10 March 2012, Comments: 0

General Obligations To Deposit Payroll and Income Tax Withholdings Under federal law, employers must withhold Social Security, Medicare and Federal income taxes from their [...]


5 March 2012
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New FBAR Form: January 2012

5 March 2012, Comments: 0

In January of 2012, the IRS issued a new version of the Treasury Form TD F 90-22.1, popularly known as the “FBAR” (the Report [...]