Conflict Management - Working Through Differences
Interactive Training for Government AgenciesFATCA Compliance and Reporting Course - $109
This online course walks you through FACTA Reporting Regulations.
Learn how to report foreign assets under FATCA and avoid penalties for noncompliance.
Get up to speed on US Foreign Account Tax Compliance Act (FATCA) regulations and reporting requirements. The U.S. Department of the Treasury and the IRS have been busy designing, implementing and executing intergovernmental agreements, new and revised forms, and instructions to bring U.S. citizens and foreign financial institutions into compliance. Learn what’s New and much more….
Product Code: FATCACompliance
Duration of Course Access: 12 Months (Access and review any or all sections of the course at any time for a period of 12 months.)
Click here to: Save 23% with our 1099 Reporting Bundle (includes1099-MISC & NEC plus TIN Matching)
The Foreign Account Tax Compliance Act (FATCA) Compliance and Reporting Course Summary:
This course describes the taxation and basic concepts of United States nonresident alien individuals and reporting payee income. The course covers the forms and publications and provides instructions and best practices for each aspect of the FATCA Compliance and Reporting process.
The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, generally requires that foreign financial institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.
You will learn key definitions, how to fill out the forms, and how to access the information you need. The course will show you how to navigate the complexities of FATCA.
This course is beneficial to a FATCA novice and the season veteran who wants to better understand and even explain how the FATCA process works.
FACTA Compliance and Reporting is Complicated.
This course provides specific directions.
Easy access to forms and instructions.
Best practice approaches.
The IRS FATCA Compliance and Reporting Course Agenda:
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- What is FATCA
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- Purpose
- Who is affected
- Tax evasion under FATCA
- Accessing and using the FATCA Portal
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- What is FATCA
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- FATCA Regulations
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- FATCA Changes for 2020
- The Actual Regulations
- Model Intergovernmental Agreements
- FATCA Affects
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- FATCA Regulations
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- Deadlines
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- Registration
- Withholding - Timeline for Compliance-Withholding
- Reporting - How To Report US Account Holders
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- Deadlines
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- Registration of FFI’s and NFFE’s
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- Registration
- Registration Process
- Registration – Paper or Online
- Registration Portal
- Obtain a GIIN
- FFI List…
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- Registration of FFI’s and NFFE’s
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- Who Must Register
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- FFIs
- Exempt FFI’s
- NFFE’s and Withholding
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- Who Must Register
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- FFI & NFFE Penalties
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- Withholdable payments
- U.S. Source Withholdable Payment
- Specified Payments Not Treated as Withholdable
- Exceptions to Withholdable Payments
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- FFI & NFFE Penalties
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- Due Diligence by FFI’s and NFFE’s
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- New Account Opening Procedures
- Back Testing
- Due Diligence Reviews Required
- Enhanced Reviews Required
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- Due Diligence by FFI’s and NFFE’s
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- Certifications & Renewals
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- Periodic Review of Certification
- FATCA Certification Requirements
- Renewal Requirements of FFI Agreements
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- Certifications & Renewals
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- Changes for FFIs for 2020
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- Reason to Know Guidelines
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- Develop a Table of Deadlines
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- FFI Governance
- Registration
- Due Diligence
- Withholding
- Reporting
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- Develop a Table of Deadlines
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- IRS Forms Affected
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- W-9
- W-8'S
- Form W-8BEN
- Requirement to Obtain and Report Foreign TINS and Dates of Birth
- Form W-8BEN-E
- Form W-8ECI
- Form W-8IMY
- Form W-8EXP
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- IRS Forms Affected
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- Handling Form W-8 with Foreign Payees/Vendors
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- Documentation Analysis Storage and Retrieval
- FATCA Report - Form 8966
- Filing 1042-S Electronically
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- Handling Form W-8 with Foreign Payees/Vendors
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- Individual Filing Obligations
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- FATCA/FBAR comparison
- Reporting Thresholds
- Form 8938
- Form 8938
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- Individual Filing Obligations
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- FBAR Reporting - Comparison
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- FATCA Impact on FBAR
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- FinCEN Form 114
- Online FBAR Reporting
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- Foreign Financial Assets Requiring Reporting
- FATCA Impact on FBAR
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- FBAR Reporting - Comparison
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- Exceptions and Penalties
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- Penalty Risks for Noncompliance
- Other Foreign Asset Reporting
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- Exceptions and Penalties
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- FATCA Resources
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- FATCA Best Practices
This IRS FATCA Compliance and Reporting Course can help you avoid costly penalties and expenses related the Foreign Account Tax Compliance Act requirements!
For more information Call 877-385-5515.
View: Instructor-Led Finance and Accounting Courses, Seminars and Workshops
Handling IRS Notice 972-CG of Proposed Penalties - $29
Learn how to respond to notices of proposed penalties.
An online guide respond to an IRS Notice 972-CG - what to do and when to do it.
In this course you will learn how to respond effectively to a 972-CG notice of proposed penalties. The course takes you through a step-by-step guide to:
- Responding to a 972-CG Notice
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- What to do
- When you need to do it
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Reasonable Cause Regulations and Requirements
- How to implement best practices moving forward
- Understand the personal liability issues of the Notice 972-CG
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- What you need to know
- What you can do to help avoid personal liability
Product Code: Notices972-CGPenalties
Duration of Course Access: 12 Months
Click here to: Save 23% with our 1099-MISC and TIN Matching Bundle
It is possible to reduce the amount or persuade the IRS to waive the proposed penalty altogether.
But you must respond appropriately to the 972 Notice.
The Handling IRS Notice 972-CG of Proposed Penalties Course
Topics Covered:
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What is the 972-CG Notice of Proposed Penalty
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Contents of the 972-CG
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Penalties for Missing and Incorrect Name/TINs
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Maximum / De Minimis / Waiver
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Understanding the Reasonable Cause Regulations and Requirements
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IRS Matching Process & Name Controls
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How to Answer the Notice 972CG
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Reasonable Cause
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Sample "Reasonable Cause” Waiver Request Letter
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Personal Liability
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Best Practices Moving Forward
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For more information Call 877-385-5515.
View: Instructor-Led Finance and Accounting Courses, Seminars and Workshops
Nonresident Alien W-8 and 1042 Reporting Course - $89
This online guide walks you through Nonresident Alien W-8 and 1042 Reporting.
Learn to administer the IRS Nonresident Alien Reporting process with ease.
This online course you will develop a better understanding of the IRS Forms for Nonresident Alien Reporting, Make Proper NRA Determinations, ITIN Renewal Requirements, Key Definitions, Substantial Presence Test, VISA Issues. Presumption Rules, Signatures , Actions Required, Forms Always Require a US TIN, Substitute Forms & Electronic Submission, Reportable Income, FDAP Income, Reporting & Withholding, What’s New and much more….
Product Code: NonresAlienReporting
Duration of Course Access: 12 Months (Access and review any or all sections of the course at any time for a period of 12 months.)
Click here to: Save 23% with our 1099 Reporting Bundle (includes1099-MISC & NEC plus TIN Matching)
The IRS Nonresident Alien W-8 and 1042 Reporting Course Summary:
This course describes the taxation and basic concepts of United States nonresident alien individuals and reporting payee income. The course covers the forms and publications and provides instructions and best practices for each aspect of nonresident alien reporting process.
The course covers payments made to nonresident aliens, withholding requirements on US source income, special rules, and exclusions for nonresident aliens. You will learn key definitions, presumptive rules, the substantial presence test and much more.
This course is beneficial to anyone who has the responsibility income amounts paid nonresident aliens.
Nonresident Alien Payees – How to Handle the Information Reporting and Backup Withholding Requirements.
The IRS Nonresident Alien W-8 and 1042 Reporting Course Agenda:
- Who is a Nonresident Alien?
- Which document: W-9 or W-8 (which W-8?)
- Review of the Five Forms W-8
- When to use each one
- Why Examine a Tax Treaty
- Use treaties to confirm exemption claims
- Making Backup Withholding Deposits Timely
- Prevent confusion with your other withholding deposits
- Review of the Form 1042-S
- And the Annual Form 1042 reporting backup withholding
- Best Practices to Avoid Penalties
- Manage your NRA information reporting and backup withholding
Forms and Publications Covered:
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IRS Forms Covered: Form W-8BENForm W-8BEB-EForm W-8ECIForm W-8IMYForm W-8EXPForm 1042Form 1042-TForm 1042-SForm 8233 |
IRS Publications Covered: Publication 515Publication 519Publication 597Publication 901Publication 1179Publication 1187Tax Treaties |
This IRS Nonresident Alien W-8 and 1042 Reporting Course can help you avoid costly penalties and expenses related Nonresident Alien Payee reporting!
For more information Call 877-385-5515.
View: Instructor-Led Finance and Accounting Courses, Seminars and Workshops
Complying With Letter CP-2100 & Related B-Notices - $39
An online guide respond to an IRS Notification CP-2100 or CP-2100a.
Learn best practices to deal with IRS 1st B-Notice and 2nd B-Notice.
Receiving an unexpected letter from the IRS in the mail typically comes with a feeling of worry, concern. Confusion often sets in when it relates to an unfamiliar topic such as backup withholding (Pub 1281) or Annual Solicitation (Pub 1586) and more.
This course answers the question: What do you do when the IRS sends you a 1099 Correction Notice?
This course answers your questions about IRS Notification CP-2100 or CP-2100a and IRS 1st B-Notice and 2nd B-Notice.
You get the answers you need, the step-by-step approaches you need to take, and cautions about things you do not want to do when the Letter CP-2100 or B-Notices arrive.
Product Code: CP2100BNotice
Duration of Course Access: 12 Months (Access and review any or all sections of the course at any time for a period of 12 months.)
Click here to: Save 23% with our 1099-MISC and TIN Matching Bundle
The Complying With Letter CP-2100 & Related B-Notices Course
What you will learn:
- How to deal with with Problem 1099’s
- IRS Notification CP-2100 or CP-2100a
- Required actions within a limited time period
- Required steps to resolve
- What does not require you to respond to the IRS
- What records are a must that you are required to keep
- Using the Pub 1281 Flowcharts
- Incorrect TINs
- Missing TINs
- 1st B-Notice
- How to respond
- Required response timelines
- When is backup withholding required
- 2nd B-Notice
- Important tax notice action is required
- How to track the response
- What you need to do
- Individuals
- Non- individuals or Certain Sole Proprietors
- What to do if they do not respond
- Annual Solicitation (Pub 1586)
- Notice of Name/Number mismatches or missing TIN’s
- Backup Withholding for Missing and Incorrect Name/TIN(s)
- Document Your B-Notice Process
- A checklist of eleven steps you need to take
- Key reminders
- Form 945 Cautions - (no coding corrections allowed)
For more information Call 877-385-5515.
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1099 MISC and 1099 NEC Training - $89
An online guide to filing Form 1099-MISC and Form 1099-NEC reporting requirements.
Product Code: 1099MISC&NEC
Duration of Course Access: 12 Months
1099 MISC (2023 Update)
Quantity discounts are available. Call 877-385-5515 for details.
This course is available in cost-saving 1099 course bundles:
1099 MISC Course Summary:
With this course, you will have the tools necessary to determine which vendors should be flagged for Form 1099-MISC and Form 1099-NEC reporting (even if they are incorporated). The course follows the guidelines of our instructor-led 1099 MISC course and serves as a complete guide to the 1099 MISC and 1099 NEC reporting requirements for each and every box on these forms.
View Course Demo
This course details the information you are required to collect from your vendors. In addition, you will learn how to protect your company and avoid penalties when vendors do not provide the required information. Companies purchase a myriad of services everyday.
- Equipment is rented
- Labor is performed
- Lunches are catered
- Professional services are contracted (e.g. attorneys, accountants)
- Medical services are provided (e.g. drug testing, employee physicals)
Do you know how to determine which of these events trigger a 1099 MISC and which trigger a 1099 NEC reporting requirement? If you are not sure, you need to take this course.
Too often the work is done, the vendor is paid, and now (sometime later) you realize you need the 1099 information and find it’s impossible to obtain. It’s the kind of thing that happens most everyday and it’s what every auditor is looking for.
To avoid penalties and interest (not to mention headaches and stress), it is imperative that everyone responsible for purchasing understands which vendors must be set up for 1099 MISC reporting.
This 1099 course has proven to save companies time and money.
The course is only $89.00 per user for a one-year subscription. In addition, quantity discounts are available. Call 877-385-5515 now to begin this course today.
Check out our NEW TIN Matching Course
Click here to: Save 23% with our 1099-MISC and TIN Matching Bundle
View: Instructor-Led Finance and Accounting Courses, Seminars and Workshops
