FMN Taxes  |  Format: Flash

Tax Withholding and Information Reporting: Your Latest Challenge

Course Overview
Tax compliance issues are of great importance to financial managers, particularly as those issues receive an unprecedented degree of public attention. According to Cyrus Daftary and Danielle Nishida of KPMG LLP, the combination of the Foreign Account Tax Compliance Act (U.S.) and the Common Reporting Standard (OECD) presents a major hurdle for those business and banking entities that want, and need, to comply with the increasingly complex demands for global tax withholding and information reporting.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Distinguish between FATCA and the Common Reporting Standard;
  • Identify why the IRS realized in 1997 that income was going untaxed;
  • Define what is meant by a "qualifying intermediary"; and
  • Explain how the new tax law affects withholding and compliance for foreign partners.

    Catalog Number: FMN1254-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in tax planning or tax compliance, or an introductory course in taxation.
    Course Level: Overview
    Field of Study: Taxes
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: May 10, 2018 / Dec 13, 2019