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Mandatory Electronic Filing for Form 1042-S Effective 2024 and Beyond
- February 19, 2025
- Posted by: Zakaria Meskine
- Categories:
No Comments
The IRS has introduced a mandatory electronic filing requirement for Form 1042-S, effective March 15, 2024. Under Treasury Decision 9972, withholding agents and partnerships must submit their filings electronically if they meet the 10-form threshold. This change aligns with international tax compliance efforts, including FATCA regulations. Non-compliance may result in IRS penalties.
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FATCA and CRS Compliance in the Cloud: The Future of Regulatory Reporting.
- February 12, 2025
- Posted by: Zakaria Meskine
- Categories: Articles, news & events
Regulatory compliance is an evolving challenge for financial institutions, especially with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks require institutions to identify, collect, and report financial account data to tax authorities across the globe.
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Critical FATCA Update: RO Certifications Due by July 1, 2025
- January 23, 2025
- Posted by: Zakaria Meskine
- Categories:
Stay compliant with FATCA! Submit your RO certification by July 1, 2025. Opes Software helps with timely submissions, Login.gov/ID.me setup, and risk-free compliance. Book a demo now!
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Could You Be Non-Compliant Without Knowing It? FATCA/CRS Explained
- January 20, 2025
- Posted by: Zakaria Meskine
- Category: Articles
Are you unknowingly violating FATCA or CRS regulations? Learn what FATCA and CRS mean, who needs to comply, and the risks of non-compliance
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Are you Ready for the Upcoming FATCA Deadline?
- January 9, 2025
- Posted by: Zakaria Meskine
- Category: Articles
FATCA compliance is a critical requirement for financial institutions and U.S. taxpayers with foreign accounts. Missing deadlines or submitting inaccurate reports can lead to penalties and reputational damage.
OPES Software offers a reliable solution to simplify the FATCA compliance process, reduce risks, and ensure accurate reporting.
FATCA compliance is a critical requirement for financial institutions and U.S. taxpayers with foreign accounts. Missing deadlines or submitting inaccurate reports can lead to penalties and reputational damage.
OPES Software offers a reliable solution to simplify the FATCA compliance process, reduce risks, and ensure accurate reporting. -
Important Update: FATCA Registration System Maintenance
- December 11, 2024
- Posted by: Zakaria Meskine
- Category: news & events
The FATCA Registration System will be unavailable due to scheduled maintenance from 9:30 p.m. ET on November 25 to 1:30 a.m. ET on November 30, 2024.
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IT Department May Impose Rs 10 Lakh Penalty For Non Disclosure of Foreign Income
- November 27, 2024
- Posted by: Zakaria Meskine
- Category: news & events
Learn about penalties for non-disclosure of foreign income under Indian tax laws, including fines up to $12,000, FATCA and CRS compliance, and global income reporting requirements
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FATCA Registration System Maintenance November 2024
- November 27, 2024
- Posted by: Zakaria Meskine
- Category: news & events
The FATCA Registration System will be unavailable due to scheduled maintenance from 9:30 p.m. ET on November 25 to 1:30 a.m. ET on November 30, 2024.
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Navigating the High Stakes of FATCA and CRS Compliance: Your Essential Guide to Avoiding Catastrophic Consequences
- November 1, 2024
- Posted by: Zakaria Meskine
- Categories: Articles, news & events
Learn how to avoid severe penalties and reputational damage from FATCA and CRS non-compliance. Discover the critical role of technology in meeting regulatory demands
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Unlock Compliance Excellence: Visit us at SINGAPORE Fintech Festival 2024
- October 25, 2024
- Posted by: Zakaria Meskine
- Category: news & events
Opes Software invites you to Booth #2B29 at the Singapore Fintech Festival 2024! Discover our comprehensive compliance solutions for FATCA, CRS, PEP, and sanctions management—designed to enhance your organization’s risk management and compliance strategies
info@opessoftware.com
