Course Details

Choose Your Time Zone:

ADDITIONAL DATES

Dec 29, 2020 | 12:00 PM EST Register

Course Description

The IRS is working hard to reduce the delinquent tax burden. Over the years, companies are becoming relatively compliant with 1099 reporting. However the fact is that companies and their advisors are less sure when it comes to identifying and performing backup withholding NRAs. 

One such issue is not having a plan to deal with IRS demands for backup withholding if companies failed to deduct from payments to Nonresident Aliens' (NRAs). Collecting the tax due from NRAs working in the US is an IRS Tier 1 audit issue. This tax burden in minimized when companies making payments to NRAs for both dependent and independent personal services properly withhold on these payments. 

Key benefits of webinar:

  • Obtain the knowledge necessary to identify your NRA payees 
  • Bring your company into compliance with the 30% backup withholding requirements 
  • Develop an effective plan to move your company, institution or clients toward complete regulatory compliance, efficiency improvements, standardized processes and adequate documentation
  • Ensure NRAs are properly handled according to IRS and tax treaty regulations. You will 
  • Use the treaties and best practices to confirm exemption claims made by your NRAs with the IRS.

This course is essential for all professionals in industry, NGO’s, schools, public practice and government who are responsible for filing or overseeing information reporting compliance and related issues.

Learning objectives

  • To identify and ensure compliance with IRS information reporting and backup withholding requirements for NRAs
  • To recognize nonresident alien payee' tax issues efficiently
  • To develop an effective plan to improve your company's regulatory compliance
  • To determine whether Nonresident Aliens are working for you
  • To recognize five variations of Forms W-8, including the most recent addition - W-8BEN-E
  • To identify the right W-8 to provide to the NRA
  • How NRA individuals must support their claim of exemption from withholding
  • To recall the best way to handle questions from NRAs who do not understand your requests or the forms
  • To recognize key tax treaties and using them to confirm a claim of exemption from or reduced rate of backup withholding
  • Form 1042-S and related forms for filing and reporting backup withholding on the Annual Withholding

About Presenter

Miles Hutchinson

President, Learn Continuously, LLC

whereismiles@juno.com

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. Miles is a professional speaker and consultant who has presented over 2,700 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act.  He is recognized as an expert in payroll and sales & use tax as well as financial modeling & analysis, business strategy and communications.  He is the author of several useful accounting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com.  His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.  Please visit his web sites to see how you can further benefit from his expertise.

Learn Continuously, LLC creates and delivers comprehensive business training. We are a predominantly web based training host providing continuing education that is easy to use, interactive, interesting and cost effective. Learn Continuously focuses on advancing students in businesses, NGOs and government by offering a full complement of topics from leadership and communication skills, salesmanship, operations and management, to risk management and regulatory compliance. Our training philosophy supports participants who aspire to earn advancement in their organizations by growing their knowledge, passions and talents. Our methods include discussions of best practices and market trends, regulatory updates, product demonstrations, concept outlines, sample scripts, and references to tested and effective resources.

We apply high internal standards to bring you the most highly sought after experts who are also accomplished course leaders, develop outstanding training materials, and utilize state-of-the-art e-learning techniques and technologies to facilitate the exchange of ideas to assist our clients in achieving operational excellence. Our products and services may be customized to fit any industry, organization or market. Our formula assures we will ignite knowledge and experience into effective action.

Our mission is to empower professionals through effective online training sessions. Our world class training methodologies stem from a comprehensive understanding of learning needs from the individual to the global perspective. Our offerings will exceed expectations and provide an exceptional return on your investment.


FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065) - 2020 Updates
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
The Mathematics of Estate Planning for IRAs After the Secure Act
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO Complete Comprehensive Overview - Latest 2020
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Planning for Your Clients’ Incapacity
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Fraud Update - Latest 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
LET YOUR ACCOUNTING OR TAX PRACTICE GROW ON ITS OWN
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
INTRO TO ACCOUNTINGSUITE™ & MULTI-CHANNEL INVENTORY
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Get Massive Results from your Staff: The Tools and Process you need to lead your team to flourish in productivity and profitability
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
PPP UPDATES WITH LATEST GUIDANCE FROM SBA, IRS & FORM 3508, FORM 3508-EZ, 3508-S
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2020)
Tuesday, November 24, 2020 | 01:30 PM EST View Details/Register
  • Cost $100
  • CPE Credits 2
  • CE Credits 2
  • IRS Course ID GEHNZ-U-00302-20-O
  • CTEC Course ID 6273-CE-0309
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? CFO/Controller CPA - Small Firm CPA - Mid Size Firm CPA (Industry) Auditors Young CPA CPA in Business Entrepreneurial CPA Bank Managers Compliance Officers Information Reporting Officers Risk Managers Compliance Managers
  • Handout Material Download

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065) - 2020 Updates
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
The Mathematics of Estate Planning for IRAs After the Secure Act
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO Complete Comprehensive Overview - Latest 2020
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Planning for Your Clients’ Incapacity
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Fraud Update - Latest 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
LET YOUR ACCOUNTING OR TAX PRACTICE GROW ON ITS OWN
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
INTRO TO ACCOUNTINGSUITE™ & MULTI-CHANNEL INVENTORY
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Get Massive Results from your Staff: The Tools and Process you need to lead your team to flourish in productivity and profitability
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
PPP UPDATES WITH LATEST GUIDANCE FROM SBA, IRS & FORM 3508, FORM 3508-EZ, 3508-S
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2020)
Tuesday, November 24, 2020 | 01:30 PM EST View Details/Register