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Treasury CS Ukur Yatani: “These regulations shall come into operation on January 1, 2022.” | Pulselive Kenya

Treasury CS Ukur Yatani: “These regulations shall come into operation on January 1, 2022.” | Pulselive Kenya

The US Internal Revenue Service has extended its temporary approval of accepting electronic or digital signatures on certain IRS forms until October 31, 2023, and has expanded the list...

As highlighted in a prior September 10, 2020 LawFlash on this same topic, the IRS had announced on August 28, 2020 the temporary approval of the use of digital signatures in a news release ( IR-2020-194, the News Release). This News Release allowed a limited number of IRS forms to be digitally signed. The Memorandum is broader in scope and provides some clarity on what type of signatures are acceptable. In addition to digital signatures, the Memorandum specifically includes electronic signatur...

Unintended consequences of foreign branch reporting By Ioana Lacatusu, CPA, MBA, Dallas, and Jerry Seade, J.D., LL.M., Houston Related In December 2018, the IRS issued revised instructions to Form 8858, Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs), which expanded the requirement to file this form to include the reporting of foreign branch operations of U.S. persons, controlled foreign corporations (CFCs), and controlled ...

To embed, copy and paste the code into your website or blog: The list of Internal Revenue Service (IRS) forms that can be digitally signed continues to grow. On August 28, 2020, the IRS issued a memorandum indicating that it would accept the use of digital signatures on various IRS forms because of the restrictions involved with the COVID-19 pandemic. In September 2020, it announced the addition of several more forms. Then, on April 15, 2021, the IRS announced it is extending the authorization ...

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Rudy Mezzetta The federal government is proposing to eliminate written signatures on a number of key tax forms and to allow the Canada Revenue Agency (CRA) to automatically issue electronic copies of the notice of assessment when returns are filed electronically.  These as well as other tax administration measures proposed in the federal budget tabled on Monday are meant “to improve the CRA’s ability to operate digitally, resulting in faster, more convenient and accurate service, while...

February 10, 2021 The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 17-2021 dated Jan. 26, 2021 to inform all concerned taxpayers that the deadline of filing and submission of the following returns and attachments are extended from Jan. 31, 2021 to Feb. 28, 2021: Annual Information Return of Income Taxes Withheld on Compensation (BIR Form 1604-C) and Annual Alphabetical List of Employees/Payees from Whom Taxes Were Withheld (Alphalist) for the year 2...