Blog

Image from the EU Council

EU blacklist updates: Dominica in and Barbados out

The Council of the European Union met on Monday and has since released the conclusions it adopted on the revised EU…
CRS FATCA Question time

Question Time

Question Time section from Trans World Compliance. Test your CRS and FATCA knowledge with a new question each week.…
Image from Trans World Compliance

CTS 2.0 Supported Data Types

By: Dave Olenzak. President and Founder of TWC. In March, 2021 the OECD’s data exchange mechanism, the Common…
Image from Inspire Tax Consultants

"Economic Substance" tests

By: Dave Olenzak. President and Founder of TWC. The OECD’s Forum on Harmful Tax Practices has developed under the Base…
Image from Trans World Compliance

What is the Common Transmission System (CTS) and h…

By: Dave Olenzak. President and Founder of TWC. The CTS is run by the OECD and is used to exchange Common Reporting…
Image from Nationwide 90FM

What is the EU Tax Blacklist?

By: Dave Olenzak. President and Founder of TWC. The EU Black List is based on three criteria:  Transparency, Fair Tax…
Image from PlanetWare

Bahamas and Blacklisting

By: Dave Olenzak. President and Founder of TWC. According to the Tribune, an incorrect email address led to France's…
Irs photo

Responsible Office Reporting

By Dave Olenzak. President and Founder of TWC. The IRS FATCA certification requires Periodical Certification of all…
User guide transition

CRS Reporting 2021 - are you ready to meet the cha…

By: Marco Zawar. MBA/LL.M Introduction In June 2019 the OECD released Version 3.0 of their CRS XML User guide for Tax…
Cayman

Cayman DITC Portal Open

By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One. The long waited DITC Portal was finally opened…
Marco's banner

CRS Reporting – What are the hidden perils on Hong…

By: Marco Zawar. MBA/LL.M On September 30, 2020, the Inland Revenue Department (“IRD”) released updates on their AEOI…
Image from The Economist

The OECD’s Common Reporting Standard (CRS): how st…

By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One. So, what is Common and what is Standard? Well…
CTS System

The OECD Common Transmission System

By: Dave Olenzak. President and Founder of TWC. The OECD created the Common Transmission System (CTS) to exchange CRS…
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FATCA TIN Reporting Requirements TIN Relief

By: Dave Olenzak. President and Founder of TWC. Prior to FATCA and CRS, the collection of a Tax ID number was not…
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<Nationality> caught up in a lack of communi…

By: Dave Olenzak. President and Founder of TWC. The Nationality XML element seems to have been caught up in a lack of…
Coronavirus on world

IRS IDES Test Period Opens and FATCA Deadlines are…

By: Dave Olenzak. President and Founder of TWC. The IRS has opened a test period from August 3, 2020 through September…
Banner

Model 1 extension isn’t automatic

By: Dave Olenzak. President and Founder of TWC. Note that the Model 1 extension isn’t automatic. It simply gives Tax…
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Information for Financial Institutions

By Dave Olenzak. President and Founder of TWC. With a few exceptions, Model 2 and non-IGA Foreign Financial…
CRS/FATCA One

An Introduction to CRS/FATCA One

To View the Video Click Here
Image from the EU Council

EU blacklist updates: Dominica in and Barbados out

The Council of the European Union met on Monday and has since released the conclusions it adopted on the revised EU…
CRS FATCA Question time

Question Time

Question Time section from Trans World Compliance. Test your CRS and FATCA knowledge with a new question each week.…
Image from Trans World Compliance

CTS 2.0 Supported Data Types

By: Dave Olenzak. President and Founder of TWC. In March, 2021 the OECD’s data exchange mechanism, the Common…
Image from Inspire Tax Consultants

"Economic Substance" tests

By: Dave Olenzak. President and Founder of TWC. The OECD’s Forum on Harmful Tax Practices has developed under the Base…
Image from Trans World Compliance

What is the Common Transmission System (CTS) and h…

By: Dave Olenzak. President and Founder of TWC. The CTS is run by the OECD and is used to exchange Common Reporting…
Image from Nationwide 90FM

What is the EU Tax Blacklist?

By: Dave Olenzak. President and Founder of TWC. The EU Black List is based on three criteria:  Transparency, Fair Tax…
Image from PlanetWare

Bahamas and Blacklisting

By: Dave Olenzak. President and Founder of TWC. According to the Tribune, an incorrect email address led to France's…
Irs photo

Responsible Office Reporting

By Dave Olenzak. President and Founder of TWC. The IRS FATCA certification requires Periodical Certification of all…
User guide transition

CRS Reporting 2021 - are you ready to meet the cha…

By: Marco Zawar. MBA/LL.M Introduction In June 2019 the OECD released Version 3.0 of their CRS XML User guide for Tax…
Cayman

Cayman DITC Portal Open

By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One. The long waited DITC Portal was finally opened…
Marco's banner

CRS Reporting – What are the hidden perils on Hong…

By: Marco Zawar. MBA/LL.M On September 30, 2020, the Inland Revenue Department (“IRD”) released updates on their AEOI…
Image from The Economist

The OECD’s Common Reporting Standard (CRS): how st…

By: Eugenie Meijer, Director of Support and Training for CRS/FATCA One. So, what is Common and what is Standard? Well…
CTS System

The OECD Common Transmission System

By: Dave Olenzak. President and Founder of TWC. The OECD created the Common Transmission System (CTS) to exchange CRS…
Banner

FATCA TIN Reporting Requirements TIN Relief

By: Dave Olenzak. President and Founder of TWC. Prior to FATCA and CRS, the collection of a Tax ID number was not…
Banner

<Nationality> caught up in a lack of communi…

By: Dave Olenzak. President and Founder of TWC. The Nationality XML element seems to have been caught up in a lack of…
Coronavirus on world

IRS IDES Test Period Opens and FATCA Deadlines are…

By: Dave Olenzak. President and Founder of TWC. The IRS has opened a test period from August 3, 2020 through September…
Banner

Model 1 extension isn’t automatic

By: Dave Olenzak. President and Founder of TWC. Note that the Model 1 extension isn’t automatic. It simply gives Tax…
Banner

Information for Financial Institutions

By Dave Olenzak. President and Founder of TWC. With a few exceptions, Model 2 and non-IGA Foreign Financial…
CRS/FATCA One

An Introduction to CRS/FATCA One

To View the Video Click Here