Format: Webcast/Audio Conference/Interview/Podcast |
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| Title: |
| Date / Time: |
Recorded |
| Format: |
Webcast |
| Description: |
U.S. taxpayers making cross-border payments have been put on notice of tougher IRS scrutiny of Form 1042 (as well as forms 1042-S and 1042-T) compliance. With withholding tax compliance now a Tier 1 issue, companies are getting more IDRs pertaining to Form 1042-related FDAP income.
Most often, Form 1042-filing and withholding at a 30% rate are required for scenarios involving a controlled foreign corporation (CFC) and royalty, interest and other payments; or compensation for personal services performed by a foreign individual. Numerous withholding exemptions apply.
With the IRS raising the stakes for proper withholding on FDAP payments to non-resident entities already a complex area of the Internal Revenue Code, corporations and their advisors must familiarize themselves with 1042 requirements and anticipate auditors' information demands.
Listen as our panel of experienced federal tax advisors prepares you to evaluate whether Form 1042 and withholding is required, fine-tune your company's 1042 and W-8 compliance, and anticipate the demands of rigorous IRS exams.
Learning Objectives
The panel will examine these and other relevant topics:- Evaluating the need to withhold: Which payments to related parties trigger withholding obligations and which don't under the IRC?
- Sharpening compliance: Are your Form 1042s and W-8s being completed correctly? Are W-8s being issued to only qualifying foreign entities and individuals?
- Preparing for IRS audits: What aspects of FDAP payments are most vulnerable to the Service's more critical exams according to recent experience? What level of documentation is being required?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Upon completion of this webinar, you will have a thorough understanding of business situations involving cross-border payments that require U.S. withholding and filing of Form 1042, tips for accurate filing of 1042s and W-8s, and best practices for withholding tax audits in this area.
Credits Available
This program has been approved for 2.0 CPE hours through Strafford Publications.
Processing
To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.
Credit Confirmation
Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.
Delivery
Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.
Cannot Attend The Live Presentation?
This presentation is also available on CD after the initial broadcast. |
| About Webcasts / Audio Conferences / Podcasts: |
Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form a training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions. |
| Licenses / Designations / Educational Credits: |
CPE
All US States: 2 |
| About The Provider: |
Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.
Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.
Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone. |
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