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Requirements in AP
December 2 | 10 am PT
Thursday December 2, 2021
10:00 am – 11:00 am PT
Access link will be provided in your confirmation email.
CPE Credits: 1 CPE Credit – For more CPE information, click here.
The IRS has stepped up monitoring and auditing of US business’ accounts payable tax compliance to ensure they’re meeting IRS regulations, including a labyrinth of tax forms and related requirements that affect how you engage with each business supplier outside the United States.
In this webinar, Laurie Hatten-Boyd, Principal at KPMG LLP, will provide an overview of US tax compliance rules as it relates to companies paying their global suppliers, including steps your organization can take to avoid legal and financial penalties. Laurie will also share best practices for W-8 and W-9 tax compliance, including:
- Detailed discussion of new versions of Forms W-8BEN, W-8BEN-E, W-8IMY, and W-8ECI
- How to ensure your payees select the correct form based on their country and corporate structure
- Determining which payees require tax withholding by treaty
- The basics around end-of-year 1099/1042-S tax reporting