Auditing Your Nonresident Alien Accounts: W-8BEN and 1042S Reporting

Date:

Sep 24, 2024

Register

Nonresident aliens continue to be a compliance nightmare. Let’s check the deposit accounts that we have and see if anybody is incorrectly classified and if the paperwork and system are correct. 

Are your W-8BENs filled out properly? Is your system set to withhold or not withhold as needed on interest-bearing accounts? What countries are involved? Does it help to have a US TIN?

All of these questions will be addressed in our audit worksheet and training. Get your staff in compliance by checking their work.

Agenda

Tuesday, September 24th, 2024
2:30 pm - 4:30 pm

What You'll Learn

  • Does your staff identify nonresident aliens correctly?
  • Do you have Foreign Taxpayer Identification Numbers on interest-bearing accounts?
  • If not, are you back up withholding?
  • What countries do not issue FTINs?
  • Is your W-8BEN filled out correctly?
  • Are you tracking expirations?
  • Do you have appropriate identification?
  • And much more
Topics

  • Compliance
  • Deposit
  • Deposit Accounts
  • Deposit Compliance

  • Branch Manager
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Privacy Officer/Information Security Professional
  • Training Manager
  • Trainer

 

Who Should Attend

Deposit operations, deposit compliance, branch administration, new accounts, training, personal bankers, and anyone who opens accounts for nonresident aliens will benefit from this session.

Speaker(s)

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. 

Additional Information

 

Fees

$299.00 or 1 Token

Available Upgrades

 

 

Association Contact

AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380