Countdown to Nonresident Alien Changes!

December 31, 2019 brings the end of reporting certain nonresident alien interest without a foreign taxpayer identification number. During this program we will focus on writing nonresident alien procedures for your frontline and back of the house staff. Are you ready? You will receive a tax handbook plus many ideas about Customer Identification Programs for nonresident aliens.

What You Will Learn

  • IRS Notice 2017-46 Intermediary rules
  • How to update your current nonresident aliens through alternative rules
  • What countries do not have foreign tax identification numbers
  • What to do if you cannot obtain a Foreign Taxpayer Identification Number
  • How to set up your system
  • How to set up for 1042S Reporting
  • Special rules on IRAs and new back up withholding rules
  • How to handle non-interest-bearing accounts
  • Identification of nonresident aliens
  • Risk rating a nonresident alien

Who Should Attend?

Compliance, BSA, Training, Deposit Operations and all Branch Personnel.