W-9s, W-8BENs and IRS Mismatches

This program will focus on what U.S. financial institutions must do in the tax reporting and documentation process for FATCA. We'll do a line-by-line review of important forms and the subsequent tax reporting to the IRS, and also look at the impact of 1042S reporting changes for nonresident aliens.

Recorded Tuesday,
April 30th, 2024
Presented by Deborah Crawford
2h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Deposit Accounts
  • Deposit Compliance
  • Compliance Officer
  • Controller/Accountant
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative

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Your job as a withholding agent has never been so important! The W-9 and W-8BENs forms emphasize your vital role in the tax reporting chain that affects this country and accounts for U.S. persons overseas. In this webinar, we'll go in-depth on these forms to elevate your understanding. We'll also answer common questions, such as What is a nonresident alien? and What if there is no country address? You'l also come away with a basic understanding of FATCA and how it impacts your institution.

What You'll Learn

  • Line by line review of the W-9
  • Exemption codes on the W-9 and FATCA
  • SSNs, ITINs and EINs
  • IRS reporting on 1099 Int and 1042S
  • What happens when name and TIN do not match?
  • B notices and fines
  • How does the IRS set up name control files?
  • Documenting GIIN for foreign financial institutions

Who Should Attend

This webinar is designed for deposit operations, deposit compliance, new accounts, bookkeeping, IRS reporting specialists and any person who opens accounts or reports interest to the IRS.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.