Complying with FATCA - The Foreign Accounts Tax Compliance Act
Tuesday October 2, 2018
3:00 pm - 4:30 pm ET
90 minutes
Register for Live Webinar: $219
Register for Live Webinar Plus Recording Download: $329
Register for Live Webinar Plus CD (includes shipping and handling): $369
Special Feature: If you register for this webinar and cannot attend, you will be able to access a one-time instant replay without charge for up to 90 days after the date of the webinar.
Bonus for Each Registrant: The webinar speaker will answer one written question that you may submit by email within one week after the webinar.
Description
FATCA was enacted by Congress in 2010 as part of the HIRE Act. It attempts to restore tax fairness by focusing on foreign financial assets of US Citizens that are not being properly reported and taxed. The Department of the Treasury and the IRS have been busy designing, implementing and executing intergovernmental agreements, new and revised forms, and instructions to force US citizens and foreign financial institutions into compliance. Don't be the last one to find out what are your reporting and withholding obligations and don't fall victim to the huge penalties that can accrue for noncompliance. Join us for a 90 minute webinar explaining this complicated law and how to comply with your withholding and reporting obligations.
Miles Hutchinson, experienced CGMA and financial analyst, will discuss the basic principles of FATCA, the affected businesses and individuals, and the new and revised forms to effect compliance. He will discuss new developments in the law and accompanying regulatory efforts. He will provide you with simplifying charts and tables to help you determine your steps to full compliance. He will also provide practical instructions and guidance for applying FATCA and will identify the key issues that will help you avoid potential penalties for noncompliance.
Agenda
- What is FATCA
- Who is affected - there is more to this than just the FFI's
- Briefing on the two Model Intergovernmental Agreements
- Learn the impact of FATCA on forms 1099, 8938, and FBAR-Fin CEN 114 (fka TD F 90-22.1 (FBAR)
- Explore the filing portal required by FinCEN for FBAR reporting and specifics about filing this (n report
- Useful tables and charts for determining the definitions of foreign financial assets requiring reporting under FATCA
- Learn about exceptions to reporting on form 8966
- Penalty risks for noncompliance, including the extended statute of limitations
- Case study - a tale of two offenders with significantly different outcomes
- References to other rich resources to help you keep up-to-date
- Learn about form 8966 (FATCA Report), who files it and when
- Rules for electronic filing - the 250 forms threshold does not apply to everyone — discover who must always file electronically
- Rules re: extensions of time to file. Learn when they are no longer automatic.
Faculty
Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act.
Webinar Overview
- 90 minutes (Travel Free) delivered over the Internet.
- Unlimited listeners per connection - bring the entire department.
- Q&A session with the expert.
This event will be presented live with a PowerPoint presentation to be viewed on your computer. You may listen to the audio of the webinar by telephone or through your computer. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
Register for Live Webinar Plus Recording Download: $329
Register for Live Webinar Plus CD (includes shipping and handling): $369