9:00 AM - 12:00 PM | Morning Session (15- minute break included)
12:00 PM - 1:00 PM | Luncheon
1:00 PM - 4:30 PM | Afternoon Session (15-minute break included)
This session is a one-day intensive primer on the fundamentals of documentation, reporting and withholding rules relating to cross-border payments including Chapter 3 (NRA); Chapter 4 (FATCA); and Chapter 61 (domestic). Withholding agents need to know three different documentation, reporting, and withholding regimes, and how they relate to each other. The task is daunting. It is essential for withholding agents to take action now to avoid significant financial and reputational risks.
Using flowcharts and a case study approach with numerous real life scenarios and applications, we will illustrate the purpose of the rules and make the rules easier to remember and comprehend. Examples of scenarios that will be covered are:
Through these and other real-life examples, participants are exposed to numerous applications and interactions of the various withholding and reporting rules. The bootcamp will provide specific information, in clear and comprehensible terms, on how the multiplicity of withholding and reporting rules will necessitate significant modifications to the current approach to information reporting and tax withholding.
Please join us in this engaging and interactive session and discover real-life solutions to scenarios you'll surely encounter. Walk away with the knowledge, information, and tools you will need to plan with confidence.
Cyrus Daftary (Discussion Leader)
Tax Principal, Information Reporting & Withholding