Year-end US information reporting obligations necessitate being aware of IRS changes and incorporating any new requirements into existing systems, processes and procedures. The past year saw updates to Form 1042-S reporting requirements, a new draft Form 1099-DA, treaty withholding rate changes, and new guidance on Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting obligations.
How should you navigate these important updates and changes? What should you be aware of as you enter into the US information reporting season? What future changes should you start thinking about and preparing for now? Join Ernst & Young LLP professionals for answers to these questions and a practical discussion of how to manage your information reporting processes.
The following topics will be discussed:
- Updates to Form 1042-S
- Electronic filing requirements
- Form 1099-DA
- Treaty withholding rate changes
- Change to Qualified Intermediary (QI)/Withholding Foreign Partnership (WP) requirements
- Changes to FATCA relief provisions
- CRS amendments
Panelists
- Jonathan Jackel, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
- Saul Tilmann, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
- Seth Poloner, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
- Ryan Blewitt, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
Moderator
- Tara Ferris, Principal, Ernst & Young LLP; EY Americas Information Reporting and Withholding Services Leader, Tax
EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax