Apr 30, 2024
This program will focus on what U.S. financial institutions must do in the tax reporting and documentation process for FATCA. We'll do a line-by-line review of important forms and the subsequent tax reporting to the IRS, and also look at the impact of 1042S reporting changes for nonresident aliens.
Your job as a withholding agent has never been so important! The W-9 and W-8BENs forms emphasize your vital role in the tax reporting chain that affects this country and accounts for U.S. persons overseas. In this webinar, we'll go in-depth on these forms to elevate your understanding. We'll also answer common questions, such as What is a nonresident alien? and What if there is no country address? You'l also come away with a basic understanding of FATCA and how it impacts your institution.
Tuesday April 30th, 2024
11:00 am - 1:00 pm EST
What You'll Learn
Line by line review of the W-9
Exemption codes on the W-9 and FATCA
SSNs, ITINs and EINs
IRS reporting on 1099 Int and 1042S
What happens when name and TIN do not match?
B notices and fines
How does the IRS set up name control files?
Documenting GIIN for foreign financial institutions
Who Should Attend
This webinar is designed for deposit operations, deposit compliance, new accounts, bookkeeping, IRS reporting specialists and any person who opens accounts or reports interest to the IRS.
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. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380