The average cost of a Notice of Proposed Penalty is estimated at US $150,000 including the penalty itself and the added costs for consultants, personnel, remediation of legacy records, etc. Compliance is far less expensive than the alternative.
- Are you in compliance with the regulations surrounding data collection, backup withholding and information reporting?
- How do you determine whether you
FULL ARTICLE https://www.prnewswire.com/news-releases/two-day-seminar-complete-1099-tin-matching-b-notice-fatca-and-nonresident-alien-1042-s-compliance-update---chicago-il---june-28th-29th-2018-300646542.html
Tagged: FATCA NEWS