Learn about withholding tax compliance, W-8 & W-9 forms, and best practices to avoid IRS penalties in this essential session.
Withholding tax compliance has become a focus of the IRS audits in recent years, especially for payments to foreign vendors. Organizations often have difficulty keeping up with the changes in this relatively niche area of tax, and this has led to significant penalties for non-compliance. Forms W-8 and W-9 are the foundation for withholding tax compliance as they will provide the information necessary to correctly withhold and report on applicable payments. This session will cover when you must collect the forms and the steps needed to review them for completeness and correctness to avoid any potential liability for failing to withhold and report. We will discuss the common pain points and provide practical advice on how to better improve your operational process, as well as the requirements to monitor for any change in circumstances.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
When Do I Need to Collect a Form W-8 and W-9?
- Payments in Scope
- Determining U.S. Source
- Best Practices:
- Change Management
- No U.S. Services Statement
- RiskBased Reviews
Form W-9
- When Is a TIN Sufficient?
- Form Validation
- Best Practices
- Name/TIN Changes
- TIN Matching
- New Form Versions
Forms W-8BEN and W-8BEN-E
- Form Validation
- Treaty Claims
- Common Issues
- Best Practices
- Form Expiration
- Change in Circumstance
- New Form Versions
Form W-8BCI/W-8EXP
- Form Validation
- Common Issues
Form W-8IMY
- High-Level Overview
- Withholding Statements and Blended Rates
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on April 2, 2025.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Andrew McQuilkin
KPMG LLP
- Senior Manager at KPMG LLP Boston
- Practice emphasizes all aspects of information reporting and withholding
- Conducts regular seminars and workshops on numerous issues related to domestic and international information reporting and technology solutions for compliance
- Member, Massachusetts Bar. Patent Attorney, U.S. Patent and Trademark Office
- J.D. Degree, Suffolk University School of Law; B.S. Degree, University of Massachusetts Amherst
- Can be contacted at 617-988-5857 or [email protected]
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
