How to gain more from operational risk management practices.
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IRS issues final regs regarding deposits of NRAs
The IRS has published [85 FR 192] final regulations and withdrawn temporary regulations that provide guidance on certain due diligence and reporting rules applicable to persons making certain U.S. source payments to foreign persons. The rules address the collection of identification information and interest reporting. .They also address certain reporting requirements by foreign relating to accounts of U.S. persons. The rules are effective January 2, 2020, with varying applicability dates