The U.S. Supreme Court issued the following on January 23, 2025: “Application (24A653) for stay presented to Justice Alito and by him...

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will remain open an additional month for...

Your confidence in the American legal system may be going down by the day but there is yet another CTA / BOI legal update. On Thursday...

In a busy day for the Corporate Transparency Act (CTA), the Financial Crimes Enforcement Network (FinCEN) announced tonight (December 23,...

On December 23, 2024, in Texas Top Cop Shop, Inc. v. Garland,  the U.S. Court of Appeals for the Fifth Circuit stayed the preliminary...

On December 3, 2024, there was an unexpected order by the U.S. District Court for the Eastern District of Texas. The court issued a...

On December 3, 2024, there was an unexpected order by the U.S. District Court for the Eastern District of Texas. The court issued a...

On October 28, 2024, the U.S. Internal Revenue Service (IRS) issued Notice 2024-78 which allows certain Model 1 Foreign Financial...

The IRS announced the Public Key for FATCA filing will expire on November 1, 2024. For those financial institutions (FIs) who submit...

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...

Changes are being made to the bar exam which will result in the elimination of wills and trusts as a test subject. These changes will...

In July 2024, the U.S. Internal Revenue Service (IRS) announced that it updated the FATCA Registration System to enhance security. For...

On June 27, 2024, the U.S. and Switzerland signed a new FATCA agreement changing Switzerland from a Model 2 IGA jurisdiction to Model 1...

On June 27, 2024, the Cayman Islands Department for International Tax Cooperation (DITC) issued an Updates Bulletin in which it updated...

On June 25, 2024, the Bahamas Competent Authority posted the updated Common Reporting Standard (CRS) activation list for Y2023 reporting....