Global Information Reporting and Withholding Services
How well have you prepared?
Driven by perceived gaps in taxpayer reporting and the federal deficit, the U.S. Treasury and the Internal Revenue Service (IRS) are requiring increased tax information reporting. At the same time, the IRS is collecting more information about payments made on both a U.S. domestic and global basis, elevating priority of certain reporting requirements to a Tier 1 examination issue, increasing enforcement resources, and making greater use of technology to identify issues or incidences of noncompliance. Compliance failures can carry steep penalties.
As a result of these changes, companies across all industries face an escalating risk of exposure today. If you have not done so recently, this is a good time to make sure you understand and are equipped to address current information reporting and withholding requirements.
Deloitte’s Global Information Reporting and Withholding group offers both the experience to analyze areas of potential exposure and a range of capabilities that can help you address them.
Download the PDF attachment to learn more.