Webinars - Live

Nonresident Aliens: New 2020 Tax Reporting Rules, CIP, CDD & More

02/24/2020 | 3:00 pm - 4:30 pm ET
Level: N/A
Category:
Webinars - Live
Cost: $200.00
Contact: Susan Erlandson at serlandson@mainecul.org

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!

For more information or to register CLICK HERE