CPE Webinars

Tax Withholding and Information Reporting Basic Bootcamp (OnDemand July 2020)

This is a three day course on the fundamentals of documentation, reporting, and withholding rules relating to cross-border payments including Chapter 3 (NRA); Chapter 4 (FATCA); and Chapter 61 (domestic). Withholding agents need to know three different documentation, reporting, and withholding regimes, and how they relate to each other and how the requirements change for when the obligation is in the US versus outside the US. The task is daunting and can impact all aspects of a business from transitional banking and investment banking businesses as well as other business functions like vendor payments, insurance premiums, and employee compensation. It is essential for withholding agents to take action now to avoid significant financial and reputational risks.

This course is designed for:

  • Tax Department Personnel
  • Operations Department Personnel
  • Compliance Professionals
  • Internal/External Auditors
  • Trust Tax Representatives
  • Legal Counsel
  • MIS/Systems Professionals
  • Thrift Representatives
  • CPA Advisors
  • Accounts Payable Personnel

Learning Objectives:

  • The session will use slides and a case study approach with numerous real-life scenarios and applications. Through real-life examples, participants are exposed to numerous applications and interactions of the various withholding and reporting rules. The bootcamp will provide specific information in clear and comprehensible terms how the multiplicity of withholding and reporting rules will necessitate significant modifications to the current approach to information reporting and tax withholding.
  • Please join us in this engaging and interactive session and discover real-life solutions to scenarios you’ll surely encounter.
  • No course prerequisites or advanced preparation is required. Please refer to the ""Help"" section of our website for more information regarding refund and complaint resolution policies.

Speakers / Authors:

Tara Ferris

Tara is a principal in EY’s FSO Tax Services practice in Hoboken where she advises global financial institutions on U.S. information reporting and withholding, including FATCA, section 871(m) and section 1446(f) as well as Qualified Intermediary (QI) compliance. Tara is also an advisor to SIFMA on information reporting issues and represented SIFMA and other stakeholders to IRS and Treasury on section 1446(f) and other matters involving the FATCA regulations, QI Agreement, QDD aspects of the QI Agreement, and the coordinating regulations under chapter 3 and 61.

Tara served as Senior Counsel with the Office of Associate Chief Counsel (International). Tara is a principal draftsperson of the FATCA regulations, notices, and forms, chapters 3 and 61 coordination regulations, FFI Agreement, QI Agreement (including the detailed requirements for QDDs under section 871(m)), and WP/WT Agreement as well as a contributing draftsperson to the withholding aspects of the regulation under section 871(m), FATCA Model 1 and Model 2 intergovernmental agreements, and competent authority arrangements. Tara also represented IRS in the negotiation of select intergovernmental agreements.

Tara also served as an Advisor on Automatic Exchange of Information at the OECD where she provided advice on creating synergies between the Common Reporting Standard (CRS) and FATCA and counseled government delegates on methodologies for ensuring financial institution compliance with CRS. Tara is a contributing draftsperson to the CRS Implementation Handbook and FAQs.

Ryan Blewitt

Ryan is a Senior Manager in the FSO Tax practice of EY. He is based in the New York City area and has 13 years of professional experience. Prior to joining EY, Ryan worked in the tax compliance group of a large institutional bank. He has extensive experience in US tax withholding and information reporting. He has worked with tax operations, tax compliance, and corporate tax teams providing tax technical guidance, analysis, and implementation support. He received an LLM (Taxation) from Temple University and a JD from Syracuse University.

Kevin V. Sullivan

Kevin V. Sullivan is Managing Director and Tax Executive at Bank of America where he oversees Global Information Reporting Advisory and Federal Tax Controversy in the Global Tax Policy group. In this capacity, he manages a team of tax advisors responsible for advising the enterprise on all matters related to global information reporting and tax controversy. In addition to these responsibilities, Kevin serves as the Global Tax Policy COO where he supports the day to day operations of the group. Additionally, Kevin serves on the CFO Employee Engagement and Inclusion Council; where he leads employee engagement and diversity and inclusion efforts. Prior to Bank of America, Kevin’s background includes leadership positions in global 100 companies, big 4 consultancy, and top tier law firms. He previously served on the IRS Information Reporting Program Advisory Committee (IRPAC) where he advised the IRS and Treasury on information reporting and withholding matters.

Kelli Wooten

Kelli Wooten is a Managing Director in KPMG LLP’s Information Reporting and Withholding practice. Kelli advises both foreign and domestic clients on the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”) as well as assisting clients in the implementation of procedures for compliance with these regimes. Kelli also counsels both financial institutions and multi-national corporations on matters involving domestic and non-resident alien withholding and reporting issues. Before joining KPMG, Kelli was the Global Commercial Lead – Tax Services for CTI Tax Solutions of IHS Markit. In that role, Kelli was responsible for leading the tax consulting practice as well as managing business development and strategy for the consulting and managed services practices.

Prior to that, she worked at The Procter & Gamble Company in a variety of roles, including tax audit and litigation, international tax planning, and tax compliance.

Kelli is a past member of the IRS Information Reporting Program Advisory Committee (“IRPAC”) where she chaired the International Reporting and Withholding (“IRW”) subgroup as well as a previous Vice Chair of the IRS Electronic Tax Administration Advisory Committee (“ETAAC”). Kelli received her J.D. from the University of Cincinnati and her B.S. Business Administration – Accounting from The University of Tennessee.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection


Price (USD)

Standard: $199.00


Course Code : ACE-19054_LZ

Expire Date : 10/31/2020

Course Level : Basic
Course Type : Self-Study
Format Type : eLearning
Field Of Study : Taxes

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