Filing on time is only one part of compliance. Small reporting errors, missing elections, and poorly coordinated information can create larger problems for business owners and international taxpayers.Filing on time is only one part of compliance. Small reporting errors, missing elections, and poorly coordinated information can create larger problems for business owners and international taxpayers.Filing on time is only one part of compliance. Small reporting errors, missing elections, and poorly coordinated information can create larger problems for business owners and international taxpayers.