W-8 and W-9 Compliance Management (OnDemand Webinar)

$199.00

SKU: 405840EAU

Description

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.

Date: 2019-12-20 Start Time: End Time:

Learning Objectives

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

Jerry Khan-KPMG LLP, Carson Le – KPMG LLP