Information Reporting & Withholding - Upcoming Changes

Information Reporting & Withholding Changes for 2023

As we near closer to the mid-year point, information reporting and Withholding (IRW) teams are thinking about what regulatory updates are on the horizon for 2023. Will these changes drive a change in IRW policies and procedures plus create new documentation requirements?

Will these regulatory changes further stretch tax operations and compliance teams? Is it time for financial institutions to start thinking about an automated solution in the IRW space, to automate repetitive processes?

TAINA’s Tax Reporting and Compliance Expert, Rasheed Khan, continues to track and monitor these changes and updates. He has compiled an informative and thought-provoking whitepaper on the institutional impact of the latest regulatory information reporting and withholding changes that will impact financial institutions in 2023.

Throughout this whitepaper, Rasheed will address the latest regulatory update including:

• Regulatory Updates under 871(m)

• W8 Form Revisions and Withholding under 1446

• Form 1042-S, Income Type and Code Changes

At TAINA we continue to monitor the IRW regulatory landscape. To find out more information on the recent reporting and withholding regulation changes fill in the form to download the whitepaper below or, get in touch with us today.