Top reporting and withholding actions to take before year-end
There are five key actions to take now to prepare to file information returns in January to ensure compliance with FATCA.
Are you prepared for upcoming changes in U.S. tax reporting and withholding requirements? From reallocation of resources to strategic planning for new reporting requirements, this 60-minute session provided attendees with the insights, tools and timeline to ensure you’re ready to meet new requirements.
The webcast recording, available from the live event held on Thursday, Feb. 8, reviewed the top reporting and withholding actions to take as we kick off 2024 and discussed key areas companies need to consider now and throughout the calendar year:
- Evaluating the impact of changes and new developments for your 1099, 1042, Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard processes
- When to review your structure and register foreign financial institutions under FATCA
- How to review tax withholding certificates and refresh any expired forms
- The importance of performing an assessment to identify gaps in your processes
