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November 2022 Tax Withholding and Information Reporting Conference

Complete up to nine credits of live CPE requirements by attending this online conference. You’ll hear the latest from IRS officials about changes that may significantly impact your institution.

 

Topics Include:

  • Form 1099 Reporting Hot Topics (Form 1099-K, latest update with crypto reporting, and more)
  • 1446 Regulations
  • Discussion with IRS Chief Counsel 
  • New Form Requirements 

    You can earn up to 9 CPE credits with the 2-day, virtual conference bundled with one of our virtual Bootcamp options. 

    The Conference & Bootcamp Bundles are designed for:

    • Tax department personnel
    • Operations department personnel
    • Compliance professionals
    • Internal/External auditors
    • Newly admitted or experienced legal counsel
    • CPA advisors

    The conference will also include updates and discussions with the IRS and other industry experts. With our Bootcamp options, you can choose to attend the Basic, Advanced, or bundled savings. 

    NASBA Requirements

    • Field of study: taxes
    • Program knowledge level: basic 
    • Instructional delivery method: group internet-based
    • No advanced preparation is required

    Please refer to our website for more information regarding refund and complaint resolution policies.

    Pick between any of the following options.

    DAY ONE | Tuesday, November 2

    8:30–8:45 AM | OPENING REMARKS
    Chip K. Collins, UBS
    Cyrus Daftary, KPMG

    8:45-10:00 | SECTION 1446(f) REGULATIONS
    This panel will provide an overview of the regulations for publicly traded partnership (PTP) and non-PTP interests under section 1446. Hear about key requirements, major operational and implementation challenges.

    PANELISTS:
    Tara Ferris, EY
    Seth Poloner, Morgan Stanley
    Matthew Williams, Goldman Sachs
    Subin Seth, IRS ACCI

    10:00-10:15 | BREAK

    10:15-11:30 | DISCUSSION WITH IRS CHIEF COUNSEL INTERNATIONAL
    Hearing first-hand from IRS Office of Associate Chief Counsel International is always a highlight of the conference. What regulations are pending? What initiatives are underway? Are formal and informal guidance projects on the table? Hear directly from those charged with issuing key guidelines for this area. This session will also cover upcoming changes to the QI Agreement due to the final section 1446 regulations.

    MODERATOR:
    Chip Collins, UBS

    PANELISTS:
    Jonathan Jackel, EY
    Laurie Hatten-Boyd, KPMG
    John Sweeney, IRS ACCI

    11:30–12:30 PM | FORMS W-8 & 1042-S
    Do you have a handle on all the changes associated with the new Forms W8 and the corresponding Form 1042-S implications? This session will provide an overview of the changes and highlight some of the operational challenges you will need to consider with the Forms W-8.

    MODERATOR:
    Chip Collins, UBS

    PANELISTS:
    Danielle Nishida, KPMG
    Stephen Vescio, BBH

     
     

    DAY TWO| Wednesday, November 3rd

    8:30–8:45 AM | OPENING REMARKS, RECAP OF DAY 1
    Chip K. Collins, UBS
    Cyrus Daftary, KPMG

    8:45 – 10:00 | IRS ENFORCEMENT AND ELECTRONIC FILING UPDATE
    This session will cover the latest developments surrounding the IRS audit efforts as well as providing an update on the Transmitter Control Codes (TCCs) for filing electronically through the FIRE system. The IRS will also discuss FATCA and QI certification issues.

    MODERATORS:
    Cyrus Daftary, KPMG
    Chip Collins, UBS

    PANELISTS:
    Kim Schoenbacher, IRS
    Sasha Lanes, IRS
    Yuen Chan, IRS
    David Oyler, IRS

    10:00–10:45 | RO & QI CERTIFICATIONS AND BEST PRACTICES
    Financial Institutions need a comprehensive framework with policies and procedures, governance protocols, oversight, and systems in order to manage their RO & QI compliance obligations. This panel will share their insights on how to successfully manage your compliance program and have continual testing to enable your firm to make RO & QI certifications. This panel will also discuss strategies to manage responses to penalty notices from IRS and other tax authorities.

    MODERATOR:
    Chip Collins, UBS

    PANELISTS:
    Susan Segar, Deloitte
    Robert Limerick, PwC
    Jenny Turner, UBS

    10:45-11:00 | BREAK

    11:00-11:45 | IMPLEMENTATION ISSUES
    Many (all?) financial institutions face extremely challenging implementation issues on many fronts, but particularly with the 1446 regulations. This popular session will provide practical insights and discuss best practices for the most difficult implementation issues.

    MODERATOR:
    Cyrus Daftary, KPMG

    PANELISTS:
    Nick Yannaci, UBS
    Ari Cohen, BNP
    Jay Klein, PWC

    11:45-12:15 | CRYTPOCURRENCY
    Although the IRS has released the cost basis reporting guidance, the reporting implications go beyond US persons. This panel will highlight some of the key points with respect to new legislation but also discuss the knock-on effect to non-US customers and the OECD efforts with respect to crypto.

    MODERATOR:
    Cyrus Daftary, KPMG

    PANELISTS:
    Stevie Conlon, Wolters Kluwer
    Jill Dymtrow, Gemini

     
     

    CLOSING REMARKS

    Our 2022 Tax Conferences are presented by:

    KPMG_NoCP_CMYK_US_150              Taina_WithIcon (1)                         EY_Logo_Beam_Tag_Stacked_RGB_EN_150       Deloitte              IMG_3156

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    National Registry of CPE Sponsors logo

    Kaplan Financial Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

    CLE CREDIT

    The number of credits for both the Bootcamp and the Conference will be determined by the CLE board. We will be applying for approval with Minimum Continuing Education Legal Education Credit by the State Bar of New York. These activities conform to the standards for approved education activities prescribed by the rules and regulations of the State Bar of New York. It will be the responsibility of the attendee to verify with their home state regarding reciprocity credit and the forms needed to request CLE credit. To verify acceptance and hours in your state, or other states, please contact the respective local State Bar Association. We have a Hardship Policy with discounted fees for unemployed attorneys and newly admitted attorneys. Please contact our office for details.

    ENROLLED AGENT CREDIT
    We will be applying with the IRS for CE and reporting the credits directly to them following the conference, with certificates being issued following the conference.