The new FATCA provisions (sections 1471-1474) in a very broad grant of authority leave much of its interpretation to the IRS and Treasury. This panel will discuss some of the most important aspects of that broad regulatory authority and will help you understand the new FATCA guidance, how it will impact affected entities, and what remains to be done.
The FATCA provisions have provoked comments from many foreign associations representing various types of entities (e.g., banks and insurance companies) that have a stake in how the FATCA provisions are applied. This panel will help you understand the concerns of the members of those associations and how they believe the regulations should provide relief.
A team of experts and thought leaders assembled by the Knowledge Group will help you stay in-the-know with respect to the most critical issues surrounding this topic. The audience will have an opportunity to ask the speakers questions directly during the live Q&A session. Sign up for this class by clicking the “Register” button below. Advanced registration is recommended as space is limited. (Significant discounts apply for early registration.)
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: 104056
Michael H. Plowgian
Attorney-Advisor, Office of the International Tax Counsel
Carol Tello
Partner (Former Associate Chief Counsel (International) and Special Assistant to the Assistant Commissioner (International), Internal Revenue Service)
Alan Winston Granwell
Partner
Philip Garlett
Partner
Patricia Ann Fisher
Director
Candace B. Ewell
Director
SEGMENT 1:
- Overview and key points from Notice 2010-60
- Grandfathered payments
- Scope of FFI definition
- Customer due diligence
- Reporting
SEGMENT 2:
Carol Tello, Partner (Former Associate Chief Counsel (International) and Special Assistant to the Assistant Commissioner (International), Internal Revenue Service),
Sutherland Asbill & Brennan LLP
** Speaker TP coming soon **
SEGMENT 3:
Alan Winston Granwell, Partner
DLA Piper
- Introduction
- Overview of Chapter 4 of Foreign Account Tax Compliance Act
- Background to Treasury/IRS efforts to implement guidance and brief initial overview
- After Mr. Plowgian's and other comments:
- Comments on recalcitrant account holders and passthru payments
- Comments on impact on foreign law restrictions
- Comments on challenges in implementing guidance
SEGMENT 4:
Philip Garlett, Partner
Burt, Staples & Maner, LLP
** Speaker TP coming soon **
SEGMENT 5:
Patricia Ann Fisher, Director
PricewaterhouseCoopers
and
Candace B. Ewell, Director
PricewaterhouseCoopers
- The treatment of non-U.S. investment funds under FATCA
- Practical aspects - what FFIs, FFEs and U.S. withholding agents need to do to prepare for FATCA.
- Compliance Officers
- International Tax Attorneys
- CFOs
- CPAs
- Tax Compliance Officers
- Senior Executives
- Controllers
- Treasurers
- Financial Reporting Personnel
- Valuation Analysts
- General Counsel
- International Counsel
- 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
This is a must attend event to highly affected professionals to get updated on the latest issues about the Foreign Account Tax Compliance Act.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A