Be better positioned to identify potential failures in your current processes and implement effective practices going forward.
US companies face numerous information reporting and withholding requirements under federal law and the penalties for failing to comply can be substantial. Further, while many organizations are generally aware of these requirements, they may not appreciate the breadth of specific obligations they face and therefore may have financial exposure they've yet to identify. This topic will provide an overview of the primary information reporting regimes, explain the analytical approach for determining when reporting or withholding obligations apply, and provide operational guidance fulfilling these obligations. The information will also highlight common errors and recent changes that all businesses should be aware of.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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
Overview of Primary IRC Information Reporting and Withholding Regimes for FDAP Payments
- Chapter 61
- Chapter 3
- Chapter 4
Documentation Requirements for US Payors/Withholding Agents
- Summary of Documentation/Withholding Certificates
- W-8BEN and W-8BEN-E Overview
- Common Errors
- Recent Changes
A/P Payments YE Form 1099 Reporting Requirements
- Form 1099/945 Summary and Key Points
- Key Requirements (Deadlines, Extensions, Electronic Filing)
Practical Considerations
- Cost of Noncompliance
- Industry Trends
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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 Course
This course was last revised on December 20, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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
Jerry Khan
KPMG LLP
- Managing director, KPMG LLP
- Has extensive experience with information reporting and withholding tax documentation, reporting, and project management
- Specializes in both the regulatory and compliance aspects of global operational taxes, such as US qualified intermediary, FATCA, and CRS rules, with an emphasis on the practical and procedural requirements of backoffice tax operations
- B.B.A. degree, City University of New York – Baruch College, Zicklin School of Business
- Can be contacted at [email protected]
Carson Le
KPMG LLP
- Manager, KPMG LLP
- Specializes in U.S. information reporting and withholding requirements under IRC Chapters 3, 4, and 61, in addition to FATCA Intergovernmental Agreements (IGAs) and the OECD Common Reporting Standard (CRS)
- Provides consulting to U.S. and foreign companies across a wide range of industries
- LL.M. degree in taxation, New York University School of Law; J.D. degree, The George Washington University Law School
- Can be contacted at [email protected]
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
