NRA-Handling Information Reporting- Backup Withholding 2015
conférences > E-Business, E-Commerce conférences > NRA-Handling Information Reporting- Backup Withholding
23 June, 2015
Palm Beach FL , Etats-Unis d’Amérique
Learn to identify your NRA payees, proper forms, and bring your company into compliance with the information reporting and backup withholding requirements.
Why Should you Attend:
Attend this webinar to know whether you can accept a W-9 from someone or request a W-8 instead? The IRS knows we are becoming relatively compliant with our 1099 reporting, but they also know we are far less sure of ourselves when it comes to identifying and performing backup withholding on our NRA's. Generally, a foreign person is subject to U.S. tax on its U.S. source income. Most types of U.S. source income received by a foreign person are subject to U.S. tax of 30%. A reduced rate, including exemption, may apply if an Internal Revenue Code Section provides for a lower rate, or there is a tax treaty between the foreign person's country of residence and the United States.
Objectives of the Presentation:
The prime aim of this presentation is to cover areas such as:
IRS definition for Nonresident Alien?
Learn the best way to handle questions from NRAs who do not understand your requests or the forms
How to determine whether to request a W-9 or a W-8 from the vendor?
Understand the specifics of the five unique Forms W-8 and when to request each one
Examine a tax treaty to confirm a claim of exemption from or reduced rate of backup withholding
Learn how to locate and apply tax treaties between the USA and foreign countries
Determine whether you are the withholding agent and
Learn how to determine the beneficial owner of the payments you are making
Ensure your backup withholding deposits are timely and keep the IRS from confusing them with your payroll tax withholding deposits
Learn when and how to properly initiate backup withholding on your NRAs
Study the 1042-S and related forms for filing your 1042-S's
Learn how to properly report backup withholding on the Annual Withholding Tax Return
Avoid the penaltie
Why Should you Attend:
Attend this webinar to know whether you can accept a W-9 from someone or request a W-8 instead? The IRS knows we are becoming relatively compliant with our 1099 reporting, but they also know we are far less sure of ourselves when it comes to identifying and performing backup withholding on our NRA's. Generally, a foreign person is subject to U.S. tax on its U.S. source income. Most types of U.S. source income received by a foreign person are subject to U.S. tax of 30%. A reduced rate, including exemption, may apply if an Internal Revenue Code Section provides for a lower rate, or there is a tax treaty between the foreign person's country of residence and the United States.
Objectives of the Presentation:
The prime aim of this presentation is to cover areas such as:
IRS definition for Nonresident Alien?
Learn the best way to handle questions from NRAs who do not understand your requests or the forms
How to determine whether to request a W-9 or a W-8 from the vendor?
Understand the specifics of the five unique Forms W-8 and when to request each one
Examine a tax treaty to confirm a claim of exemption from or reduced rate of backup withholding
Learn how to locate and apply tax treaties between the USA and foreign countries
Determine whether you are the withholding agent and
Learn how to determine the beneficial owner of the payments you are making
Ensure your backup withholding deposits are timely and keep the IRS from confusing them with your payroll tax withholding deposits
Learn when and how to properly initiate backup withholding on your NRAs
Study the 1042-S and related forms for filing your 1042-S's
Learn how to properly report backup withholding on the Annual Withholding Tax Return
Avoid the penaltie
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NRA-Handling Information Reporting- Backup Withholding 23 June, 2015
