Nonresident Alien Vendors - How to Handle the Information Reporting and Backup Withholding Requirements 2015

Topics

• How to determine whether to request a W-9 or a W-8 from the vendor?
• How to locate and apply tax treaties between the USA and foreign countries
• How does the IRS define a Nonresident Alien?
• Managing NRA information reporting and backup withholding
• Tax treaty to confirm a claim of exemption from or reduced rate of backup withholding
• When and how to properly initiate backup withholding on NRAs
• The specifics of the five unique Forms W-8 and when to request each one
• How to properly report backup withholding on the Annual Withholding Tax Return
• How to determine the beneficial owner of the payments you are making
• Best way to handle questions from NRAs who do not understand your requests or the forms
• Avoid the penalties for under-withholding and failure to report NRAs
• The 1042-S and related forms for filing 1042-S`s

Who should Attend

• Accounting Managers
• Controllers
• CFOs
• Financial and educational institutions
• Tax Specialists
• Accounts Payable Managers of companies and institutions