Nonresident Alien Vendors - How to Handle the Information Reporting and Backup Withholding Requirements of the IRS 2018

Topics

• Review the five forms W-8 including the new W-8BEN-E just released in Q1-2014
• How to determine whether nonresident aliens are working for you
• Learn how to determine which W-8 to provide to the NRA
• Learn about the drafts of revised forms W-8 soon to be released
• Learn the best way to handle questions form NRAs who do not understand your requests or the forms
• Discover how a NRA individual must support their claim of exemption from withholding
• Discover how to make your backup withholding deposits timely and keep the IRS from confusing them with your payroll tax withholding deposits
• Examine a tax treaty and learn how to use it to confirm a claim of exemption from or reduced rate of backup withholding
• Avoid the penalties for under-withholding and failure to report your NRAs
• Study the 1042-S and related forms for filing and reporting backup withholding on the annual withholding tax return
• Discover best practices for managing NRA information reporting and backup withholding

Who should Attend

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