Course Description: FATCA experts Carol Tello, Alan Granwell, and their teams at Sutherland and DLA Piper will comb the 500 plus pages of technical detail supporting these final regulations and provide their critical findings in this recorded webinar. Will the IRS provide businesses with more unified definitions in the regulations? Will there be more coordination of the tax code Chapter 61 domestic reporting rules with the Chapter 3 rules regarding payments to foreign persons? Have insurance companies steered the IRS toward adopting definitions of insurance and annuity contracts used in the model IGAs incorporated in the final regulations? Will there be further relaxation and clarification of the due diligence rules, and further broadening of “deemed compliant” entities?
Course Level: Intermediate
Course Prerequisites: None
Delivery Method: Self-study
After completing this course, you will be able to achieve the following learning objectives:
• Determine the likelihood of the IRS providing businesses with more unified definitions in the regulations;
• Determine whether there will be more coordination between the Chapter 61 domestic reporting rules and the Chapter 3 rules regarding payments to foreign persons;
• Discuss the influence that insurance companies had in the definitions of insurance and annuity contracts used in the model IGAs incorporated into the final regulations;
• Anticipate any relaxation and clarification of the due diligence rules; and
• Anticipate the further expansion of entities that are “deemed compliant.”
1.5
N/A