Nonresident Alien Vendors - How to Handle the Information Reporting and Backup Withholding Requirements of the IRS

Online Event, July 15, 2014 (Newswire.com) - Description:
How can you tell your vendor or payee is a nonresident alien? What if you send them a 1099 when you should have sent them a 1042-S with backup withholding for the payments you made to them?  How will you deal with the IRS demand for the backup withholding you failed to deduct from the NRAs payments? In just 90 minutes, you can develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your nonresident alien payments are properly handled according to IRS and tax treaty regulations. You will learn how to obtain the treaties and confirm exemption claims made by your NRA’s.

Course Objective:
Join us to obtain the best tools available to identify your Nonresident Alien payees (NRA’s) and bring your company into compliance with the 30% backup withholding requirements on dollar one.  In just 90 minutes, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your NRA’s are properly handled according to IRS and tax treaty regulations. You will learn how to obtain the treaties and confirm exemption claims made by your NRA’s with the IRS.

Course Outline:
Learn how to determine whether Nonresident Aliens are working for you
Review the five forms W-8 including the new W-8BEN-E just released in Q1-2014
Learn about the drafts of revised forms W-8 soon to be released
Learn how to determine which W-8 to provide to the NRA
Discover how a NRA individual must support their claim of exemption from withholding
Learn the best way to handle questions form NRAs who do not understand your requests or the forms

Target Audience:
Internal Auditors, Legal Departments, Compliance Officers, and Risk Managers at Banks, Broker-Dealers, Money Services Businesses and other nonbank financial institutions.
Information Reporting Officers
Tax Managers
Compliance Officers
CFOs
Controllers
Accounting Managers
Bank Managers
Auditors
IT Managers
Risk Managers

Event Date & Time :

15-Jul-2014 : 10:00 AM PST

Event Price Tags :

$ 219.00 Single Attendee
$ 749.00 Group – Max 10 Attendees per location
$ 269.00 Access Recorded Version online
$ 349.00 Buy Training CD-DVD

For More Details or Enrollment Or Registration : 
Contact : complianzworld
Phone : +1-866-978-0800
Fax : +1-888-883-7697 
E-mail ID : [email protected]