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Audio & Reference Manual

Form 1042 Reporting

Are you prepared? The IRS has increased audits of 1042 reporting. In an increasingly global society, many U.S. payors are unknowingly subject to withholding tax obligations for payments to foreign individuals and entities. Understanding the rules for withholding on these payments can reduce your liability to the IRS. Purchase these reference materials and learn to identify when income is subject to withholding, evaluate the proper procedures to withhold and comply with the proper documentation. Order today to get the information you need to avoid potential IRS penalties. Benefits for You •Correctly determine the status of the income recipient •Determine what income is subject to withholding •Get tips on correctly completing Form 1042 as well as other related forms •Know your tax obligations and keep your organization audit-ready Learning Objectives •You will be able to discuss source of income rules. •You will be able to review status of income recipient. •You will be able to describe the Foreign Account Tax Compliance Act - FATCA. •You will be able to explain penalties.
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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Manual

No credit available.

Audio & Reference Manual

No credit available.

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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

John M. Kelleher – Moderator

Crowe Horwath LLP

John M. Kelleher, CPA — Moderator

  • International tax partner with Crowe Horwath LLP
  • Practices inbound and outbound tax planning and compliance
  • Member of AIPCA and ILCPAS
  • M.S.T. degree, De Paul University, Chicago, Illinois
  • Can be contacted at 630-574-7878 or [email protected]

Kristin N. Hanson

Crowe Horwath LLP

Kristin N. Hanson, CPA

  • International tax manager with Crowe Horwath LLP
  • Practices inbound and outbound tax planning and compliance
  • Member of the AICPA and Illinois CPA Society
  • M.A.S. degree with tax emphasis, Northern Illinois University, De Kalb, Illinois
  • Can be contacted at 630-575-4618 or [email protected]

Ray Salvado

Crowe Horwath LLP

Ray Salvado, CPA

  • International tax manager with Crowe Horwath LLP
  • Practices inbound and outbound tax planning and compliance
  • Member of the AICPA and Illinois CPA Society
  • B.S. degree in accounting, Northern Illinois University, De Kalb, Illinois
  • Can be contacted at 630-706-2025 or [email protected]
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Why Lorman?

Over 28 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

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Product ID: 390026
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Manual

Manual

PDF file delivered on a USB flash drive. Copy and read on any compatible device.

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Audio & Reference Manual

PDF and MP3 files delivered on a USB flash drive. Listen and read on any compatible device.

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