FATCA - the Foreign Accounts Tax Compliance Act 2019

Topics

• Who is affected: there is more to this than just the FFI reporting requirements
• The basics of FATCA and how to comply
• The impacts of FATCA on forms 1099, 8938, and TD F 90-22.1 (FBAR)
• 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
• Bonus: Important web links to help you keep up-to-date with FATCA

Who should Attend

• Compliance Officers
• Bank Managers
• Tax Managers
• Information Reporting Officers
• Controllers
• CFOs
• Auditors
• Accounting Managers