FATCA (Foreign Accounts Tax Compliance Act) - How to Comply with Minimal Withholding, Tax and Penalty Impact 2017

Topics

• Who is affected – there is more to this than just the FFI`s
• What is FATCA?
• Explanation of the impacts of FATCA on forms 1099, 8938, TD F 90-22.1 (FBAR)
• Briefing on the two Model Intergovernmental Agreements
• Exceptions to Reporting
• Useful tables and charts for determining the definitions of foreign financial assets requiring reporting under FATCA
• Case study – a tale of two offenders with significantly different outcomes
• Penalty risks for noncompliance, including the extended statute of limitations
• References to other rich resources to help you keep up-to-date

Who should Attend

• Controllers
• CFOs
• Tax Managers
• Tax Attorneys
• All Institutions making payments to a Foreign Financial Institution or other Foreign Nonfinancial Entity on behalf of US Persons
• Compliance Managers