Form 1042 & 1042-S

Live Webinar or Recording

August 21, 2024, 12:00 pm - 1:40 pm Eastern

Credit: ATATX: 1.5, CPE: 2, IRS: 2 (Live Only)

Ongoing IRS audits and recent changes in the law related to payments made to Non-US Persons means that the cost to your organization can be significant if it is not ready to accurately file Forms 1042/1042-S under Federal law. Start preparing for filing and reporting season now. Join us for a 100 minute webinar to discover:

• How to distinguish payments to US and Non-US Persons
• Ways to handle payee request for treaty benefits
• Key elements of the troublesome IRS source-income rule
  
• Updates on 1042/1042-S reporting regulations

Program Highlights:

IRS Form 1042-S Updates: What You Need to Know Right Now

• IRS form updates: How recent laws have changed W-8/1042-S
  
• How to fulfill reporting obligations via Form 1042, 1042-S

Avoiding Problematic Reporting & Withholding Issues: How to Ensure Error Free Filing

• Making payments to US & Non-US Persons: Keys to getting it right
• Ways to pin-point the key elements of the IRS source-income rule

Essential Checklist for Your 1042-S Filing. What To Know Before You Report

• Additional documentation issues of Foreign Status and Treaty Claims
• How to identify troublesome IRS source-income rule
• Ways to break down W-8/1042/1042-S payee & payment reporting  situations
• Avoiding penalties: Best practices for best results

Learning Objectives:

• IRS form updates: How recent laws have changed W-8/1042-S
• Making payments to US & Non-US Persons: Keys to getting it right
• Ways to break down W-8/1042/1042-S payee & payment reporting  situations

Guest Speaker: Steven Mercatante - TIR Consulting LLC

Level: Basic

Format: Live Webcast

Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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