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Event Date Mon Feb 24 EST (almost 2 years ago)
Region All

Interest reporting season is upon us and new rules effective January 1, 2020, may impact withholdings for nonresident alien accounts. IRS Publication 515 2019 requires that a W-8BEN contain the individual accountholder’s date of birth and foreign tax identification number to be valid. Are your W-8BENs up-to-date? Learn the IRS regulations and the steps needed now to ensure your interest reporting is accurate before 1042-S forms are sent and filed.

You’ll also learn how to effectively identify nonresident aliens, conduct enhanced due diligence at account opening, and appropriately monitor these high-risk relationships. Sample language, tips, and tools to update your policies and procedures will be provided. Don’t miss this jam-packed webinar!

Attendance certificate provided to self-report CE credits.

Who should attend?
This informative session is a must for compliance officers, BSA officers, branch managers, new account representatives, and staff who prepare tax documents.


2020 Presenter

Dawn Kincaid
Compliance Consultant, Brode Consulting Services, Inc.