Tax Information Reporting and Withholding Services 

Our professionals offer withholding tax consulting services to assist companies comply with their U.S. tax information reporting and withholding requirements.
Our professionals have extensive experience, with backgrounds ranging from work at the IRS Chief Counsel’s Office to major financial institutions, both in the United States and overseas.

Our services cover, but are not limited to:

  • Diagnostic Reviews – We offer diagnostic reviews aimed at evaluating the overall level of compliance with IRS requirements for both U.S. nonresident (NRA) withholding and Form 1099 reporting purposes and can provide detailed guidance on remedial steps to mitigate the risks of any identified compliance lapses.

  • QI and WP External Audits – With local resources in virtually all locations where QI operations exist, our professionals can perform QI external audits in accordance with IRS procedures.

  • U.S. Withholding Tax Consulting Services – We can provide tax consulting services in regard to the correct application of the regulations and associated guidance.

  • Tax Information Reporting Assistance –The preparation and filing of Forms 1099 and 1042-S can be a time-consuming process, with the potential for costly compliance errors. Our professionals can provide various levels of assistance aimed at reducing the operational burden and mitigating the risk of error.

  • Tax Training – We have created training courses for both U.S. withholding agents and QIs that can be tailored to your business needs and responsibilities. These tax-related courses can be delivered at your office or hosted by KPMG.

  • Information Reporting and Withholding News Service – To help ensure that our clients are appropriately informed, we provide a timely, electronic news service that alerts subscribers to these changes and developments.

  • Substitute Payments Advice – We can provide practical guidance on the appropriate application of the current rules and the implications for any future IRS guidance changes to them.

  • Global Withholding Tax Guidance –Foreign tax jurisdictions have numerous methods to ensure compliance with local withholding rules as they apply to income payable to domestic and overseas investors. Through our network of international member firms, we can offer guidance on the application of these rules and procedures.

  • Merger & Acquisition Assistance – We can assist with your tax-related evaluation as part of a thorough due diligence process. Tax reviews encompass an evaluation of potential exposure to withholding taxes (both U.S. and overseas), backup withholding, penalties, and interest.

  • Voluntary Disclosures Assistance – We have successfully helped clients to resolve many of these issues through negotiated settlements with the IRS, often enabling filers to mitigate exposure to reputational and financial risks. We are thoroughly familiar with IRS’ formal and informal processes for these disclosures.

Laurie Hatten-Boyd, Principal