Is your organization paying U.S.-source income to foreign entities and nonresident alien individuals (NRAs)? You might be paying for services, grants, royalties, scholarships, rents or interest … and you might think of the payees as foreign vendors, foreign visitors, foreign owners, or simply as foreign nationals … but for all of them, you have serious due diligence obligations to document their tax status, withhold U.S. income tax where required and file IRS Forms 1042-S and 1042. Join this educational webinar for authoritative and practical information that can help your organization avoid the costly risks of failing to identify foreign payees or failing to withhold U.S. tax when required.
- Types of payments that are regulated under Internal Revenue code chapters 3 and 4
- IRS forms used to establish foreign status of entities or individuals
- Basic rules of withholding tax and how a foreign person can claim reduced withholding or exemption from withholding Due dates and filing methods for IRS Forms 1042-S and 1042
Learning objectives for program:
- Identify foreign beneficial owners of income subject to U.S. tax withholding and IRS reporting
- Identify the function and basic requirements of IRS W-8 series forms and IRS Forms 8233, 1042-S and 1042
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, a Principal in the Cokala tax group since its founding early in 2007, is an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance and numerous published articles. She is a founding partner of Cokala. Previously, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She also formerly served as the executive director of the National Association of Form 1099 Filers, Inc.
Marianne was an appointee for three years to the IRS Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions. She received her JD, cum laude, from the Michigan State University School of Law, and is a member of the State Bar of Michigan.
Continuing education credits available!
Receive 2 CEUs toward AP & P2P/IOFM APM, APS, or APD recertification! The Accounts Payable Certification Program is designed to establish standards for the profession and recognize accounts payable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts payable body of knowledge.
To cancel your registration for this event, simply contact IOFM customer service at [email protected] (or call 207-842-5557) no later than 24 hours prior to the scheduled start of the event. You can choose to access the full recorded event, or, your credit may be applied toward the purchase of any IOFM product or interactive event. If for any reason you are not completely satisfied with this program, we will provide a full refund — no questions asked!
For more information:
Contact Customer Service:
Phone: (207) 842-5557
Email: [email protected]