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Accounts for NRAs -- IRS rules have changed

Recorded on February 13, 2018

Do you have a valid W-8BEN for your customers? Does it require a foreign TIN or date of birth? Do you have to withhold 30% if your W-8BEN does not have a foreign TIN or date of birth? IRS issues Notice 2017-46 with changes to taxpayer identification numbers and date of birth requirements for foreign recipients.

What you will learn and review:

  • New W-8BEN and W-8BENE requirements for nonresident aliens
  • When is a W-8BEN valid and certified
  • What do we report on a 1042S?
  • When do we withhold for nonresident aliens?
  • Types of identification for nonresident aliens
  • CIP, CDD and Risk rating nonresident aliens for BSA requirements
  • And much much moreā€¦-

BSA Officers, New Accounts, Personal Bankers, Branch Administration, Deposit Operations, Training and Compliance Personnel

Webinar Reviews: 

very good and informative - cpopow

It was a lot of information. I will need to review the slides. - BarbK

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