Foreign Financial Institution Reporting: Are You Ready for the 2016 FATCA Deadlines?
FFI Reporting Under Model II IGAs, Completing Due Diligence, Filing Form 8957 and More
Recording of a 90-minute premium CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide tax counsel and advisers with a detailed guide to preparing and filing a Foreign Financial Institution (FFI) Agreement. The panel will describe the FFI designation in depth, outline the due diligence and reporting requirements of a participating FFI, and discuss the mechanisms for avoiding mandatory withholding of pass-through income. The speakers will also analyze the model FFI Agreement and offer guidance on accurately completing the Form 8957 disclosures, as well as required documentation and record-keeping.
Outline
- FFI definitions and requirements
- Completing and reporting due diligence
- Renewing the FFI Agreement
- Filing Form 8957
- Case study/illustrations
Benefits
The panel will discuss these and other important topics:
- Completing and reporting the required due diligence to the IRS
- Ensuring FFI Agreement is in place and that the FFI is in compliance with prior obligations
- Finalizing Form 8957
- Documenting the FATCA status of entity payees who are not account holders
Faculty
Yoram Keinan
Partner and Chair, Tax Department
Carter Ledyard & Milburn
Mr. Keinan has over fifteen years of experience in tax law both in the United States and Israel. He focuses on U.S. and... | Read More
Mr. Keinan has over fifteen years of experience in tax law both in the United States and Israel. He focuses on U.S. and international taxation of financial products and institutions and represents major banks and investment firms. Prior to joining Carter Ledyard & Milburn LLP, he served as a shareholder at Greenberg Traurig’s Tax Department in New York.
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Austin C. Carlson
Atty
Gray Reed & McGraw
As a licensed attorney and a Certified Public Accountant, Mr. Carlson’s practice focuses on corporate... | Read More
As a licensed attorney and a Certified Public Accountant, Mr. Carlson’s practice focuses on corporate transactions, tax planning and controversy and trust and estate planning. He counsels multinational corporations, small businesses, and individuals to achieve their planning goals and successfully resolve their tax controversies with the IRS and State taxing authorities.
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