Information reporting and withholding

Quarterly update focuses on FATCA’s impact on US financial institutions and other US companies

The Treasury and IRS continue to provide guidance on many of the specifics of the Foreign Account Tax Compliance Act (FATCA). When fully implemented, FATCA will apply to every company, yet will have widely disparate impact depending on the industry, business operations and corporate footprint of the company. The impacts touch many aspects of your business and require a cross functional look at your existing operations. Our discussion on this webcast will include how FATCA impacts US withholding agents, including US financial institutions and non-financial services companies, and how companies are assessing the impact and planning for the changes that are necessary.

During the webcast we will also discuss:

• FATCA framework from both the payor and payee perspective
• Methodology entities are using to understand impact of FATCA on their organizations as well as plan for what they will need to do in the months ahead
• The practical impact of the anticipated convergence of FATCA and NRA/1441 rules on existing processes
• General discussion of timeline and open issues that expected guidance will address
• Common misconceptions about FATCA

Featured panelists
Debbie Pflieger, Ernst & Young LLP, Director of Information Reporting and Withholding Services
Dawn McGuire, Ernst & Young LLP, Information Reporting and Withholding Services
Todd Larsen, Ernst & Young LLP, Information Reporting and Withholding Services

Moderator
John McMahon, Ernst & Young, Americas Director of Information Reporting and Withholding Services