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.
Learning Objectives
- You will be able to expalin when a Form W-8 or W-9 must be collected.
- You will be able to identify the different version of Form W-8.
- You will be able to recognize when a new Form W-8 or W-9 is required.
- You will be able to review a Form W-8 for correctness and completeness.
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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? | |
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| Form W-9 | |
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| Forms W-8BEN and W-8BEN-E | |
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| Form W-8BCI/W-8EXP | |
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| Form W-8IMY | |
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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
Live Webinar Registration
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
CPE 1.2 including Taxes 1.2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for tax managers, finance managers, directors of finance, accounting managers, CFOs and controllers, business owners and managers, supervisors, tax analysts, bookkeepers, accountants, controllers, CFOs, tax managers, finance directors, presidents, VPs, accounts payable professionals, enrolled agents, purchasing managers, material managers, contract administrators, senior buyers and project directors; business professionals, owners, managers, and sales and use tax professionals in all industries and businesses.
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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]
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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.
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