Non-resident Alien Vendors - How to Handle the Information Reporting and Backup Withholding Requirements
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Instructor Profile
Miles Hutchinson is a CGMA (Chartered Global Management Accountant) and experienced businessman. He has been an auditor with Price Water house Coopers 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 modelling, accounting, strategic planning, and compliance with the SarbanesOxley Act.
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Description Collecting the tax due from NRAs (non-resident aliens) working in the U.S. is a Tier 1 audit issue. This tax burden is minimized when companies making payments to NRAs for dependent and independent personal services properly withhold on these payments. This training program will review the five forms W-8 including the new W8BEN-E just released in Q1-2014. It will help attendees establish which W-8 to provide NRAs working for them.
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Why should Attend This webinar will help attendees identify your NRA payees and bring your company into compliance with the 30% backup withholding requirements on dollar one. By the end of the course, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, and adequate documentation to ensure your NRAs are properly handled according to IRS and tax treaty regulations
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Objectives Review the five forms W-8 including the new W8BEN-E just released in Q1-2014 Learn about the drafts of revised forms W-8 soon to be released Learn how to determine which W-8 to provide to the NRA Discover how a NRA individual must support their claim of exemption from withholding Learn the best way to handle questions form NRAs who do not understand your requests or the forms Examine a tax treaty and learn how to use it to confirm a claim of exemption from or reduced rate of backup withholding Discover how to make your backup withholding deposits timely and keep the IRS from confusing them with your payroll tax withholding deposits Study the 1042-S and related forms for filing and reporting backup withholding on the annual withholding tax return www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Who can Benefit
Information Reporting Officers Tax Managers Compliance Officers Compliance Managers CFOs Controllers Accounting Managers Bank Managers Auditors IT Managers Risk Managers
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
How this Webinar Works Username and Password will be sent to you 24 hours prior to the webinar Presentation handouts in pdf format will be mailed to you Login to the session using the username and password provided to you Get answer to your queries through interactive Q&A sessions via chat
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NRA-Backup With holding
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
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www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com