CPE Webinars

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

This three-day course is a deep dive on section 871(m), including the fundamentals of identifying potential section 871(m) transactions, included combined transactions, calculating the dividend equivalent amounts, monitoring for a payment event, and requirements for withholding and reporting. We will explore such topics as: simple and complex contracts, indices, covered partnerships, significant modifications, responsible party, dividend equivalent payment determinations and timing of withholding, combination rule, impact of corporate actions, issuer solution, qualified derivatives dealers (QDD), and the interaction between qualified intermediary (QI), qualified securities lender (QSL) and QDD.

This course is designed for:

  • Tax Department Personnel
  • Operations Department Personnel
  • Compliance Professionals
  • Internal/External Auditors
  • Legal Counsel
  • CPA Advisors

Learning Objectives:

  • The session will use slides and a case study approach with numerous real-life scenarios and applications, we will illustrate the purpose of the rules and make the rules easier to remember and comprehend. Please join us in this engaging and interactive session and discover real-life solutions to scenarios you’ll surely encounter. Walk away with the knowledge, information, and collaborate on approaches to industry challenges.

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.

Lauren Lovelace

Lauren has nearly 20 years of experience in the financial services industry, serving foreign financial services companies with US operations, as well as domestic entities with offshore operations. She has expertise across diverse international and domestic tax issues, including: the base erosion and anti-abuse tax (BEAT) applicable to cross-border, related party payments, financial product income sourcing and taxation, withholding tax and treaty matters, interest deductibility analyses, tax-deferred and exempt Opportunity Zone investments, Foreign Investment in Real Property Tax Act (FIRPTA) considerations and reporting, and transfer pricing, including application of the Authorized OECD Approach (AOA) in an Article 7 context. She also assists clients with meeting their quarterly and annual U.S. tax compliance obligations for corporate filings as well as Foreign Bank Account Reporting (FBAR) on FinCEN Form 114.

Lauren frequently instructs at internal and external training sessions covering topics relevant to the banking and capital markets industry, specifically focusing on inbound/outbound international tax. Additionally, she has co-authored several articles, including the following: (i) a 2017 article on the implications of the Grecian Magnesite decision (pre-tax reform); (ii) a 2016 article concerning the technical complexities of combining various derivative positions to identify withholdable contracts under section 871(m); and (iii) a 2006 article concerning the implications of factoring transactions on U.S. controlled foreign corporation look-through treatment.

She earned a Masters of Accounting degree (with a focus on taxation) from Kenan-Flagler Business School, the University of North Carolina-Chapel Hill, as well as a Bachelor of Arts degree in Political Science and French from the University of North Carolina-Chapel Hill. She is also an Enrolled Agent with the Internal Revenue Service.

Sean Conroy

Sean Conroy is a Senior Manager in the Tax Services practice of Ernst & Young LLP. Sean’s main areas of experience are corporate tax compliance, corporate tax provision audits, and corporate tax advisory. Sean has worked for Ernst & Young LLP for over 12 years in the firm’s Financial Services Office Banking and Capital Markets – Tax group.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection


Price (USD)

Standard: $199.00


Course Code : ACE-19055_LZ

Expire Date : 10/31/2020

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

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