COKALA offers you practical training in tax compliance
2-day Form 1042-S, W-8, FATCA Tax Compliance class We are planning to again offer this program live-in-person in the fall of 2021 This enhanced class will be updated for 2021. Class covers federal tax reporting & withholding rules for documentation of payees on Forms W-8 for payments subject to I.R.C. chapter 3 (withholding at source on payments to foreign individuals and entities) and chapter 4 (FATCA, the Foreign Tax Account Compliance Act applicable to foreign entities for certain types of payments). Topics include withholding U.S. income tax, applying presumption rules to determine status when you have no valid certification or documentation or there is reason to doubt documentation, Form 1042-S and Form 1042 reporting. This 2-day class provides all of the basic training of our 1-day Form 1042-S class plus a deeper dive into the compliance requirements when an intermediary is in the chain of payment such as an agent or a foreign pass-through entity, plus detailed instruction and hands-on practice with the form validity requirements for the W-8 series and Form 8233.
Cokala programs for 1099 and 1042-S tax compliance are widely respected for teaching the tax technical requirements in the context of real-life situations and providing answers to the questions you bring to class. Class registration also includes three months of custom Q&A support on the topics covered in class.