Nonresident Alien Vendors – How To Handle The Information Reporting And Backup Withholding Requirements Of The IRS 2017

Topics

• Five forms W-8 including the newest Forms W-8
• How to determine whether Nonresident Aliens are working for you
• How to determine which W-8 to provide to the NRA
• The drafts of revised forms W-8 soon to be released
• Best way to handle questions form NRAs who do not understand your requests or the forms
• How a NRA individual must support their claim of exemption from withholding
• How to make your backup withholding deposits timely and keep the IRS from confusing them with your payroll tax withholding deposits
• 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 NRA’s
• The 1042-S and related forms for filing and reporting backup withholding on the Annual Withholding Tax Return
• 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