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Withholding of Taxes on Payments to Foreign Persons and Entities

Don't be caught off guard. Make sure you are compliant with the IRS international withholding standards.In an increasingly global society, many U.S. payers of items of income are unknowingly subject to withholding tax obligations for payments to foreign individuals and entities. Understanding the rules for withholding on these payments can reduce liability to the IRS. Identify when income is subject to withholding, evaluate the proper procedures to withhold and comply with the proper documentation.


Learning Objectives

  • You will be able to identify the types of U.S. source income taxable to foreign persons.
  • You will be able to differentiate between the test to determine residency.
  • You will be able to identify requirements of defining foreign persons.
  • You will be able to identify the tax rates applicable to U.S. sourced income.

Runtime: 101 minutes
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Why Lorman?

Over 32 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

Types of Income Subject to Withholding

  • FATCA and the Threat of Withholding to Induce Disclosure
  • Dividends, Interest, Rents and Royalties
  • Compensation
  • Partnership Income
  • Withholding on Purchases of U.S. Real Estate

Determining the Beneficial Owners of Income

  • Documentation
  • Presumptions in the Absence of Documentation

Intermediaries

  • Qualified Intermediaries
  • Nonqualified Intermediaries

Compliance

  • Forms 1042 Package
  • Form 8804 for Partnership Withholding Tax
  • Complying With the Foreign Investment in Real Property Tax Act
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Why Lorman?

Over 32 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

OnDemand Webinar

This course was last revised on January 11, 2019.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.5 including Taxes 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 32 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

Adam R. Konrad

Adam R. Konrad

Reinhart Boerner Van Deuren s.c.

  • Member of the Business, International and Tax Departments of Reinhart Boerner Van Deuren s.c.
  • Assists clients in a wide range of industries with international tax and business matters such as mergers and acquisitions, transfer pricing and export benefits
  • Admitted to the bar in Illinois and Wisconsin
  • LL.M and J.D. degrees in international and comparative law, Cornell Law School
  • Can be contacted at 414-298-8737 or [email protected]
Robert Misey

Robert Misey

Reinhart Boerner Van Deuren s.c.

  • Chair of the International Department of Reinhart Boerner Van Deuren s.c.
  • Listed in the Best Lawyers In America
  • Admitted to the State Bar of California, Kentucky Bar Association, State Bar of Wisconsin and The District of Columbia Bar
  • LL.M. degree, Geogetown University; J.D. and M.B.A. degrees, Vanderbilt University; B.A. degree, University of Kentucky
  • Can be contacted at 312-207-5456, 414-298-8135 or [email protected]
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Why Lorman?

Over 32 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.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405531
Published 2019
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