2014 FATCA Regulatory Updates: Navigating the Intricacies of Latest IRS Guidance
Implementing Treasury and IRS Amendments for NFFEs; Determining FFIs and Payee Status; Complying With IGAs, Withholding and Reporting Rules
Recording of a 110-minute premium CLE/CPE webinar with Q&A
This CLE course will provide counsel with guidance necessary to navigate the intricacies of the latest IRS guidance on FATCA compliance. The panel will review new Treasury and IRS amendments for NFFEs, FFI and payee status definitions, intergovernmental agreements (IGAs), and withholding and reporting rules.
Outline
- Overview of FATCA requirements
- FATCA regulation changes
- NFFE
- FFI Definition
- FFI Branches
- Rules for groups
- Withholding and reporting rules
- Coordinating regulation changes
- Payee status
- Withholding certificates and documentation
- Reporting
- Withholding
- Intergovernmental agreements
- IRS transition relief
Benefits
The panel will review these and other key questions:
- What changes did the proposed regulations make to FATCA and the coordinating regulations?
- What are the latest issued IGAs?
- How much of an impact will transition relief have on compliance? How can affected entities show good faith?
Faculty
Professor William H. Byrnes, IV
Associate Dean
Thomas Jefferson School of Law
Mr. Byrnes is an international tax professor with more than 20 books and 1,200 articles. He was a Senior Manager, then... | Read More
Mr. Byrnes is an international tax professor with more than 20 books and 1,200 articles. He was a Senior Manager, then Associate Director of international tax for Coopers and Lybrand, and has been commissioned by a number of governments on international tax policy, including FATCA. As a tenured law professor then as an associate dean, Mr. Byrnes is well known for developing innovative compliance training programs, having pioneered online tax education 20 years ago.
CloseLaurie Hatten-Boyd
Global FATCA Tax Lead
KPMG
Ms. Hatten-Boyd leads the firm’s Tax Information Reporting & Withholding group. She routinely engages in a... | Read More
Ms. Hatten-Boyd leads the firm’s Tax Information Reporting & Withholding group. She routinely engages in a wide range of withholding tax advisory services to assist both financial and non-financial institutions. Prior to joining KPMG, she was an Attorney-Advisor with the IRS Office of Associate Chief Counsel (International), where she worked exclusively with the section 1441 withholding regime, including drafting the amendments to the section 1441 regulations, the qualified intermediary agreement, the qualified intermediary audit guidelines, and the proposed withholding agreements for foreign partnerships and foreign trusts.
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Danielle Nishida
Principal, Information Reporting & Withholding Tax
KPMG US
Ms. Nishida joined KPMG in April 2013 and practices in information reporting. She was previously an attorney in the... | Read More
Ms. Nishida joined KPMG in April 2013 and practices in information reporting. She was previously an attorney in the Office of Chief Counsel (International) at the Internal Revenue Service (IRS). At the IRS, she practiced in income tax withholding and Subpart F, and was a principal draftsperson of the FATCA regulations, the pending proposed chapter 3 and 61 conforming regulations, and other published guidance under sections 1441, 1442, 1471 through 1474, and 6050W. Ms. Nishida is a frequent speaker both in the U.S. and internationally regarding FATCA and other information reporting issues.
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