FATCA on The Horizon: Are You Ready? Updates, Tips, and Questions Answered

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The past two months have seen a flurry of new guidance on the Foreign Account Tax Compliance Act (“FATCA”), including new temporary regulations under both chapters 3 and 4, final forms, including the all-important Form W-8BEN-E, and many more IGAs. With less than three months remaining until the July 1, 2014, effective date, there is no time to lose in getting up to speed on what all the new guidance means. Of more time sensitivity is IRS registration — to ensure inclusion in the June 2014 IRS FFI List, a Financial Institution will need to finalize its registration by April 25, 2014.

Our panel of experienced FATCA practitioners will provide insights on where we stand with FATCA, highlight the new guidance, walk you through the new forms, provide guidance on the registration process and explain what needs to be done now.

During this webinar, our panelists will discuss:
• Key developments that have emerged in the last few months, including the temporary FATCA regulations and the chapter 3 coordination regulations. 
• Status of IGAs and ongoing interpretive issues, including with respect to the varying domestic implementing guidance that have emerged from some IGA countries. 
• Mechanics of the new Forms, particularly Form W-8BEN-E, and how to get them done right. 
• Online registration process.

Educational Objectives:
• Determine the status of currently available FATCA guidance, and learn about what more is likely to come; 
• Identify entity classification issues and requirements 
• Recognize application of IGAs with respect to specific countries and their interplay with the regulations; 
• Discover the key implementation problems that people are facing and how to address them; and 
• Review the online registration process.



Alan Winston Granwell (Moderator) is of counsel to Sharp Partners PA, resident in their Washington, DC office, but also works from their Zürich office. Mr. Granwell, a former U.S. Treasury Department International Tax Counsel, has been a practicing international tax lawyer for over 40 years.  His practice encompasses representing multinational corporations and high net-worth individuals on cross border planning and tax controversy. 

More recently, Mr. Granwell has become active in advising foreign financial institutions and their clients on international tax enforcement initiatives, with special emphasis on FATCA.  He also has become heavily involved in representing banks under the U.S. Department of Justice Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks.


Carol P. Tello is a member of Sutherland’s Tax Practice Group and focuses primarily on international tax matters. Her practice includes a broad range of cross-border tax planning and Internal Revenue Service (IRS) controversy matters, including advising clients on FATCA and withholding and reporting under chapters 3 and 61.  In particular, she has advised both foreign insurers and U.S. companies on their FATCA obligations.  In addition, she has written extensively on FATCA.

Her prior experience includes service in the IRS Office of Associate Chief Counsel (International) and as a Special Assistant to the Assistant Commissioner (International).


Jason Yen is an associate with Covington & Burling’s Washington DC office and focuses on international tax matters, including structural and transactional tax planning, and controversy matters before the Internal Revenue Service.  His experience covers a wide range of subjects including foreign tax credit planning, withholding issues, treaty interpretation, inversions, and the international aspects of financial products.  Mr. Yen advises financial institutions, multinational corporations, and industry groups on FATCA and he speaks and publishes regularly on a wide variety of international tax matters including FATCA.