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Friday, February 21, 2020

Nonresident Aliens: New 2020 Tax Reporting Rules, CIP, CDD & More

Start Date: 2/21/2020 9:00 AM MST
End Date: 8/21/2020 10:30 AM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

Nonresident Aliens: New 2020 Tax Reporting Rules, CIP, CDD & More
**MORNING WEBINAR**

9:00 am – 10:30 am MT

Are you aware of the new tax rules for nonresident aliens (NRAs) that became effective January 1, 2020?  Get the lowdown on the new tax rules and other NRA compliance issues, including sample policy language, tips, and tools.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Complete the W-8BEN accurately
  • Comply with interest reporting and withholding requirements for nonresident aliens
  • Distinguish between different types of identification documentation
  • Compare and understand tax identification number types
  • Conduct enhanced due diligence
WEBINAR DETAILS
Interest reporting season is upon us and new rules effective January 1, 2020, may impact withholdings for nonresident alien accounts.   IRS Publication 515 2019 requires that a W-8BEN contain the individual accountholder’s date of birth and foreign tax identification number to be valid.  Are your W-8BENs up-to-date?  Learn the IRS regulations and the steps needed now to ensure your interest reporting is accurate before 1042-S forms are sent and filed. 
 
You’ll also learn how to effectively identify nonresident aliens, conduct enhanced due diligence at account opening, and appropriately monitor these high-risk relationships.  Sample language, tips, and tools to update your policies and procedures will be provided. Don’t miss this jam-packed webinar!
 
WHO SHOULD ATTEND?
This informative session is a must for compliance officers, BSA officers, branch managers, new account representatives, and staff who prepare tax documents.
 
TAKE-AWAY TOOLKIT
  • IRS reporting reference guide
  • Reference tool illustrating the difference between resident and nonresident aliens
  • Sample NRA language for BSA/AML risk assessments
  • Account opening and due diligence documentation
  • Sample W-8BEN
  • Employee training log
  • Interactive quiz  
 
  MEET THE PRESENTER
Dawn Kincaid
Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University.  She has 19 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations. 

THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
2. Recorded Webinar Includes
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above!