Complying with FATCA - the Foreign Accounts Tax Compliance Act

Miles Hutchinson
Instructor:
Miles Hutchinson
Date:
Thursday, September 5, 2019
Time:
09:00 AM PDT | 12:00 PM EDT
Duration:
90 Minutes

More Trainings by this Expert   Product Id : 502618

Price Details
$150 Live
$290 Corporate Live
$190 Recorded
$390 Corporate Recorded
Combo Offers
Live + Recorded
$289 $340 Live + Recorded
Corporate (Live + Recorded)
$599 $680 Corporate
(Live + Recorded)
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Overview:

FATCA was enacted by Congress in 2010 as part of the HIRE Act. It attempts to restore tax fairness by focusing on foreign financial assets of US Citizens that are not being properly reported and taxed. With the announcement of final regulations in February, 2013, the US Department of the Treasury and the IRS have been busy designing, implementing and executing intergovernmental agreements, new and revised forms, and instructions to force US Citizens and foreign financial institutions into compliance.

Why should you Attend: Don't be the last one to learn of your reporting and withholding obligations and don't fall victim to the huge penalties that can accrue for noncompliance. Join us for this 90 minute webinar on this complicated new law and how to comply with your withholding and reporting obligations.

Areas Covered in the Session:

  • Understand the basics of FATCA and how to comply
  • Learn who is affected-there is more to this than just the FFI reporting requirements
  • Receive a briefing on the two Model Intergovernmental Agreements
  • Learn the impacts of FATCA on forms 1099, 8938, & FBAR-FinCEN 114 (fka TD F 90-22.1)
  • Obtain useful tables and charts for determining the definitions of foreign financial assets requiring reporting under FATCA
  • Identify the exceptions to reporting
  • Know the penalty risks for noncompliance, including the extended statute of limitations
  • Review a case study - a tale of two offenders with significantly different outcomes
  • Bonus: receive important web links to help you keep up-to-date with FATCA

Who Will Benefit:
  • Bank Managers
  • Compliance Officers
  • Information Reporting Officers
  • Tax Managers
  • CFOs
  • Controllers
  • Accounting Managers
  • Auditors


Speaker Profile
Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. He is a highly sought after professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include, Abbott Labs, Citicorp, the FBI, GE, Pfizer, and the US Marine Corps.




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