The Foreign Account Tax Compliance Act in 2010 Explored

Summary:

In March 2010 FACTA, Subtitle A of Title V of Public Law went into effect. It will require Americans to more comprehensively report offshore income from overseas accounts. Aimed at individuals, the law will also have sweeping changes for corporations as well as they impact the path to investment in US firms by foreign companies. The Knowledge Group has assembled a panel of FACTA experts to help companies, attorneys, CPA’s, consultants and industry professionals make sense of the new law and its impact on the industry.

In this live webcast, our experts will roll up their sleeves and offer practical guidance to the law’s 5 main components:

- Disclosure of Beneficial Owners
- Underreporting of foreign assets
- Other disclosures
- Substitute payments
- Dividend payments

This live webcast will cover the most critical aspects of this legislation as well as provide up-to-the-minute regulatory updates that may impact its implementation. Reserve your slot now and have the chance to ask your questions to our panel of experts, LIVE. Advanced registration is recommended as space is limited.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104008

- Overview of the new rules relating to increased disclosure of beneficial owners of foreign accounts
- Statutory "pressure points"
- Implications of passive foreign investment company rules for reporting of foreign accounts
- Section 541 of HIRE ACT – Dividend Equivalents: New Section 871(l)
- Background to Section 871(l)
- Securities Lending and Repos
- Total Return Swaps
- Non-U.S. funds treated as foreign financial institutions under Chapter 4 - potential implications and issues.
- Practical aspects of FATCA: What industry can do now to prepare.

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Who Should Attend?

- CFOs
- CPAs
- International Tax Attorneys
- Tax Compliance Officers
- Senior Executives
- Controllers
- Treasurers
- Financial Reporting Personnel
- Valuation Analysts
- General Counsel
- International Counsel
- Compliance Officers
- Ethics Officers
- Forensic Auditors
- Vice Presidents and Directors
- International Contract Managers
- Executives and Senior Officers of Banks, Thrifts, Credit Unions, and other Financial Institutions
- Financial Industry Analysts
- Lawyers
- Service providers
- Controllers
- Financial Executives
- Tax Managers
- Enrolled Agents

Why Attend?

This is a must attend event for anyone interested in Foreign Account Tax Compliance Act
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

The Foreign Account Tax Compliance Act in 2010 Explored
LIVE Webcast

Thursday, August 5, 2010

12:00pm to 2:00pm (ET)