Information Reporting and Tax Returns

Abstract

So, we began with documentation, the foundation of compliance. We then moved on to withholding and deposition of taxes to the US Treasury. In this chapter, we will discuss the practical implications of reporting. This will not be the end of the story. We have yet to discuss control and oversight, which explain the methods by which compliance is monitored and enforced. However, control and oversight is not a core operational process, and so we’ll discuss it in a slightly different context.