- #Conference
- #Business
- #Other
OVERVIEW
Do
you have a plan to deal with the IRS demands for backup withholding if you
failed to deduct from payments to Nonresident Aliens' (NRAs)? The IRS is
working hard to reduce the delinquent tax burden. They know companies are
becoming relatively compliant with 1099 reporting, but they also understand
that companies and their advisors are less sure when it comes to identifying
and performing backup withholding on NRAs. Collecting the tax due from NRAs
working in the U.S. is an IRS Tier 1 audit issue. This tax burden is minimized
when companies making payments to NRAs for both dependent and independent
personal services properly withhold on these payments.
This course is essential for all professionals in industry, NGO’s, schools,
public practice and government who are responsible for filing or overseeing
information reporting compliance and related issues.
WHY
SHOULD YOU ATTEND
For
years the IRS has struggled with the foreign independent contractor and tax
collection. In assessing opportunities to close the tax gap (taxes due but not
reported or paid), one of the greatest opportunities comes from expanding the
information reporting on taxpayers by payers – form 1042-S. This time-consuming
reporting obligation can be streamlined in a number of ways. Join us to learn
more.
AREAS
COVERED
•
Ensure compliance with IRS information reporting and backup withholding on NRAs
• Understand how to manage non-resident alien payee' tax issues
efficiently
• Develop an effective plan to improve your company's regulatory
compliance
• How to determine whether Non-resident Aliens are working for you
• The five variations of Form W-8, including the most recent addition
- W-8BEN-E
• How to determine which W-8 to provide to the NRA
• How NRA individuals must support their claim of exemption from
withholding
• The best way to handle questions from NRAs who do not understand your
requests or the forms
• Tax treaties and how to use them to confirm a claim of exemption from
or reduced rate of backup withholding
• How to make your backup withholding deposits timely and keep the IRS
from confusing them with your payroll tax and other withholding deposits
• Form 1042-S and related forms for filing and reporting backup
withholding on the Annual Withholding Tax Return
LEARNING
OBJECTIVES
Join
this webinar to obtain the knowledge necessary to identify your NRA payees and
bring your company into compliance with the 30% backup withholding
requirements. After this program, you can develop an effective plan to move
your company, institution or clients toward complete regulatory compliance,
efficiency improvements, standardized processes and adequate documentation, to
ensure NRAs are properly handled according to IRS and tax treaty regulations.
You will learn how to use the treaties and best practices to confirm exemption
claims made by your NRAs with the IRS.
WHO
WILL BENEFIT
This
webinar will be invaluable for;
•
Bank Managers
• Compliance Officers
• Information Reporting Officers
• Tax Managers
• CFOs
• Controllers
• Accounting Managers
• Auditors
• IT Managers
• Compliance Managers
• Risk Managers
SPEAKER
Miles Hutchinson is a CGMA (Chartered Global Management
Accountant) and experienced businessman. He has been an auditor with
PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate
development company. Miles is a professional speaker and consultant who has
presented over 2,000 seminars and training sessions on a myriad of business and
financial topics, like financial analysis and modeling, accounting, strategic
planning, and compliance with the Sarbanes-Oxley Act.
Use Promo Code XMSNY19 and get flat 20% discount on
all purchases.
To Register (or) for more
details please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882