BLOG

Validating W-8 Forms: Cultivating an Eye for Detail

Validating W-8 Forms: Cultivating an Eye for Detail

We are often asked what constitutes a consequential or an inconsequential error when validating a W-8 form. Some errors are obviously consequential, such as failing to sign the form, completing the wrong form and providing US indicia. But what happens if an error appears relatively trivial, such as an incorrect date format? In this post, we explore how you can assess the risks involved and make a judgement about whether to reject or validate a W-8 form.

I speak English, French and FATCA

I speak English, French and FATCA

Acronyms have two main uses. The first is to facilitate efficient communication between professionals within a given discipline where the long form of technical terms would be unwieldy. The second use is to create a barrier to communication, a secret language, that you can only understand if you are within the profession. In this post, Ross McGill gives a quick guide to the acronyms of FATCA.

Are FATCA’s Dissenters Tilting at Windmills?

Are FATCA’s Dissenters Tilting at Windmills?

Like Don Quixote, FATCA’s dissenters may have misidentified their enemy. So what is the problem with FATCA and what might happen if the anti-FATCA movement succeed in getting it repealed?

The Challenges of GATCA

The Challenges of GATCA

The global anti-tax evasion frameworks that comprise GATCA have as many commonalities as they have differences, so it makes sense to approach regulatory compliance in a holistic fashion.

In this post, we explore how smaller firms are responding to the pressures of compliance…

FATCA Misconceptions

FATCA Misconceptions

For some within the industry, the mere mention of ‘FATCA’ is enough to spark compliance-nightmare flashbacks.

The ever unpopular FATCA regulations have now been with us for seven years. But, despite its relative longevity, there are a surprising number of misconceptions surrounding FATCA….

Will AEoI be the new Equifax?

Will AEoI be the new Equifax?

What are the data security risks associated with the AEoI framework? In this post, Ross McGill explores some of the risks and issues a stark warning to the financial services industry.

Why W8? – Start re-papering over the cracks now!

Why W8? – Start re-papering over the cracks now!

QIs and NQIs face a rare opportunity to dramatically increase their W-8 compliance rate by re-papering all existing clients using the IRS’ new W-8 forms. Find out how such a project could benefit your firm and why it could be worth it in the long run.

Remember your New Reporting Obligations Under AEoI / CRS

Remember your New Reporting Obligations Under AEoI / CRS

You’re just getting over the initial FATCA and QI reporting, submitted all of your 1042-S forms, and now you’re looking ahead to September and the deadline for all those 1042 forms. However, you may need to report under AEoI/CRS at the same time. Are you planning ahead to avoid this headache?

Partial Fix to FATCA

Partial Fix to FATCA

The Senate Hearing on unintended consequences of FATCA on April 26th may not have been a lively affair but, as a non-American with some small knowledge of the subject matter, it was certainly very interesting to hear the different viewpoints offered to the committee....

Further Information Reporting for Financial Institutions

Further Information Reporting for Financial Institutions

2017 is going to be a very interesting year for financial institutions, compliance departments and Responsible Officers with CRS, Automatic Exchange of Information (AEoI), Base Erosion and Profit Shifting (BEPS) and US Section 871(m) all coming into play in some shape...

Page 1 of 612345...Last »

GET IN TOUCH

Share This