The Knowledge Group Has Scheduled a Live Webcast on IRS' New FATCA Agreements and Regulations: What Your Firm Should Start Doing NOW
The Knowledge Group, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: IRS’ New FATCA Agreements and Regulations: What Your Firm Should Start Doing NOW.
- New York, NY (1888PressRelease) November 04, 2017 - This event is scheduled on November 10, 2017 at 12:00 PM - 1:00 PM ET.
Event Synopsis:
The Department of Treasury and the Internal Revenue Service (IRS) welcomed in 2017 with a sea change regarding the Foreign Account Tax Compliance Act (FATCA). Revenue Procedure 2017-16 sets forth an updated Foreign Financial Institution (FFI) Agreement superseding the previous agreement that expired December 31, 2016. Both individuals and entities that act as trustees of foreign trusts must be familiar with the diligence and reporting requirements imposed as a result of FATCA. While many institutional trustees are familiar with these rules, many are still finding FATCA and the Common Reporting Standard (CRS) documentation requests to be overwhelming and relentless. Individual trustees are facing many of the same issues and they often must deal with the regulatory and compliance burdens and complexities without the assistance of compliance officers corporate trustees rely upon. Failure to comply with FATCA rules could result in significant withholding tax liabilities and penalties making it crucial for advisors to grapple with the rules, offer pro-active advice, and steer non-compliant clients towards solutions.
Listen as a panel of thought leaders and professionals in the areas of trusts and estates and tax law assembled by The Knowledge Group as they shepherd the audience through the complexity of the new FATCA Agreements and Regulations and offer solutions and best practices to become FATCA compliant.
Key topics will include, but not limited to:
• Foreign Account Tax Compliance Act (FATCA) – Legal Framework; FFIs, NFFIs and individuals
• Tax and Compliance Considerations
• Impact and Implications to U.S. Taxpayers
• FATCA reporting relevant to Trusts
• Recent Trends and Developments
• Common Risks and Pitfalls
• Best Practices
Speakers/Faculty Panel
Alexey Manasuev
Principal
U.S. TAX IQ Ltd
Susan Peckett Witkin
Partner
Blank Rome LLP
For an updated list of the faculty panel, please visit:
https://www.theknowledgegroup.org/webcasts/tax-accounting-finance/taxation/irs-new-fatca-agreements-and-regulations
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.
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