Module 1: Information Reporting Impacts All Types of Businesses

6 Lessons | 1 Quiz

20 Lessons | 1 Quiz

Lesson 1: Why do we need to identify the payee or beneficial owner?

Lesson 2: What is a U.S. Person?

Lesson 3: What is a U.S. resident: The Green Card Test

Lesson 4: What is a U.S. resident: The Substantial Presence Test

Lesson 5: What rules apply to U.S. persons?

Lesson 6: What is a non-U.S. person?

Lesson 7: Corporations and Partnerships

Lesson 8: What rules apply to non-U.S. persons? Chapter 3: U.S. Source FDAP

Lesson 9: Determining the Source of Income

Lesson 10: What rules apply to non-U.S. persons? Chapter 3: ECI

Lesson 11: What is a payee?

Lesson 12: What is a Check the Box entity?

Lesson 13: What is a beneficial owner?

Lesson 14: What is an exempt entity?

Lesson 15: What is an intermediary or flow-through entity?

Lesson 16: What Rules Apply To Non-U.S. Persons? Chapter 4

Lesson 17: What is an IGA?

Lesson 18: What is CRS?

Lesson 19: Who is the payee or beneficial owner in each business?

Lesson 20: Who is the payee or beneficial owner in each department?

Course 2: Module 2 Quiz

Module 3: W-9 Walkthrough

6 Lessons | 1 Quiz

Lesson 1: Introduction to the Form W-9

Lesson 2: Overview of the Form W-9

Lesson 3: W-9 Walkthrough Part 1

Lesson 4: W-9 Walkthrough Part 2

Lesson 5: W-9 Walkthrough Part 3

Lesson 6: W-9 Walkthrough Conclusion

Course 2: Module 3 Quiz

Module 4: W-8BEN Walkthrough

4 Lessons | 1 Quiz

Lesson 1: Overview & W-8BEN Walkthrough Part 1

Lesson 2: W-8BEN Walkthrough Part 2

Lesson 3: W-8BEN Walkthrough Part 3

Lesson 4: W-8BEN Walkthrough Conclusion

Course 2: Module 4 Quiz

Module 5: W-8BEN-E Walkthrough

8 Lessons | 1 Quiz

Lesson 1: W-8BEN-E Walkthrough Part 1

Lesson 2: W-8BEN-E Walkthrough Part 2

Lesson 3: W-8BEN-E Walkthrough Part 3

Lesson 4: W-8BEN-E Walkthrough Part 4

Lesson 5: W-8BEN-E Walkthrough Part 5

Lesson 6: W-8BEN-E Walkthrough Part 6

Lesson 7: W-8BEN-E Walkthrough Part 7

Lesson 8: W-8BEN-E Walkthrough Conclusion

Course 2: Module 5 Quiz

Module 6: W-8ECI Walkthrough

3 Lessons | 1 Quiz

Lesson 1: W-8ECI Walkthrough Part 1

Lesson 2: W-8ECI Walkthrough Part 2

Lesson 3: W-8ECI Walkthrough Conclusion

Course 2: Module 6 Quiz

Module 7: W-8EXP Walkthrough

7 Lessons | 1 Quiz

Lesson 1: Overview

Lesson 2: W-8EXP Walkthrough Part 1

Lesson 3: W-8EXP Walkthrough Part 2

Lesson 4: W-8EXP Walkthrough Part 3

Lesson 5: W-8EXP Walkthrough Part 4

Lesson 6: W-8EXP Walkthrough Part 5

Lesson 7: Form W-8EXP Walkthrough Conclusion

Course 2: Module 7 Quiz

Module 8: W-8IMY Walkthrough

14 Lessons | 1 Quiz

Lesson 1: W-8IMY Overview Part 1

Lesson 2: W-8IMY Overview Part 2

Lesson 3: W-8IMY Overview Part 3

Lesson 4: W-8IMY Overview Part 4

Lesson 5: W-8IMY Walkthrough Part 1

Lesson 6: W-8IMY Walkthrough Part 2

Lesson 7: W-8IMY Walkthrough Part 3

Lesson 8: W-8IMY Walkthrough Part 4

Lesson 9: W-8IMY Walkthrough Part 5

Lesson 10: W-8IMY Walkthrough Part 6

Lesson 11: W-8IMY Walkthrough Part 7

Lesson 12: W-8IMY Walkthrough Part 8

Lesson 13: W-8IMY Walkthrough Part 9

Lesson 14: W-8IMY Conclusion

Course 2: Module 8 Quiz

Module 9: 8233 Walkthrough

7 Lessons | 1 Quiz

Lesson 1: 8233 Walkthrough Part 1

Lesson 2: 8233 Walkthrough Part 2

Lesson 3: 8233 Walkthrough Part 3

Lesson 4: 8233 Walkthrough Part 4

Lesson 5: 8233 Walkthrough Part 5

Lesson 6: 8233 Walkthrough Part 6

Lesson 7: 8233 Conclusion

Course 2: Module 9 Quiz

Module 10: Payments and Withholding

13 Lessons | 1 Quiz

Lesson 1: What are payments and withholding?

Lesson 2: Backup Withholding Under Section 3406 and Form 1099 Reporting Under Chapter 61

Lesson 3: Amounts Subject to Chapter 3 Withholding – Withholding Agents

Lesson 4: Amounts Subject to Chapter 3 Withholding: U.S. Source FDAP Income

Lesson 5: Amounts Subject to Chapter 3 Withholding: Exemptions and Treaty Rates

Lesson 6: Chapter 4 Withholdable Payments

Lesson 7: Amounts Subject to Chapters 3 and 4 Withholding: Withholding Agent Liability and Timing

Lesson 8: Chapter 3 and 4 Adjustments for Overwithholding – Reimbursement Procedure

Lesson 9: Chapter 3 and 4 Adjustments for Overwithholding – Set-off Procedure

Lesson 10: Deposits – When Required for Backup Withholding

Lesson 11: Deposits – When Required for Chapter 3 and 4 Withholding

Lesson 12: Deposits – Chapter 3 and 4 – Escrow

Lesson 13: Deposits – Electronic Federal Tax Payment System (EFTPS) & Deposit Penalties

Course 2: Module 10 Quiz

Module 11: Reporting

18 Lessons | 1 Quiz

Lesson 1: What is Reporting?

Lesson 2: Form 1099 Reporting Regime

Lesson 3: When is Form 1099 Reporting Not Required?

Lesson 4: Common Forms 1099 and Deadlines

Lesson 5: Electronic Filing of Forms 1099

Lesson 6: How a Payor Furnishes Forms 1099 to Payees or Recipients

Lesson 7: Form 945

Lesson 8: Chapter 3 Reporting and Form 1042

Lesson 9: Chapter 3 Reporting – Form 1042-S

Lesson 10: Chapter 4 Reporting on Forms 1042 and 1042-S

Lesson 11 : Form 1042-S Extensions

Lesson 12: Forms 1099 and 1042-S Penalties. Failure to File Correct Information Returns by the Due Date

Lesson 13: Forms 1099 and 1042-S Penalties. Failure to Furnish Correct Information Returns by the Due Date and Intentional Disregard

Lesson 14: Amended Forms 1099 and 1042-S

Lesson 15: Amended Forms 1042 and 945

Lesson 16: Chapter 4 Reporting – Form 8966

Lesson 17: IGA Reporting

Lesson 18: CRS Reporting

Course 2: Module 11 Quiz

Module 12: Forms 1099

7 Lessons | 1 Quiz

Lesson 1: Form 1099-MISC Walkthrough Part 1

Lesson 2: Form 1099-MISC Walkthrough Part 2

Lesson 3: Form 1099-INT Walkthrough Part 1

Lesson 4: Form 1099-INT Walkthrough Part 2

Lesson 5: Form 1099-DIV Walkthrough Part 1

Lesson 6: Form 1099-DIV Walkthrough Part 2

Lesson 7: Form 1099-NEC Walkthrough

Course 2: Module 12 Quiz

Module 13: 1042 Walkthrough

10 Lessons | 1 Quiz

Lesson 1: Form 1042 Overview

Lesson 2: Form 1042 Walkthrough Part 1

Lesson 3: Form 1042 Walkthrough Part 2

Lesson 4: Form 1042 Walkthrough Part 3

Lesson 5: Form 1042 Walkthrough Part 4

Lesson 6: Form 1042 Walkthrough Part 5

Lesson 7: Form 1042 Walkthrough Part 6

Lesson 8: Form 1042 Walkthrough Part 7

Lesson 9: Form 1042 Walkthrough Part 8

Lesson 10: Form 1042 Conclusion

Course 2: Module 13 Quiz

Module 14: 1042-S Walkthrough

14 Lessons | 1 Quiz

Lesson 1: Form 1042-S Amounts Subject to Reporting

Lesson 2: Form 1042-S Amounts Not Subject to Reporting

Lesson 3: Form 1042-S Walkthrough Part 1

Lesson 4: Form 1042-S Walkthrough Part 2

Lesson 5: Form 1042-S Walkthrough Part 3

Lesson 6: Form 1042-S Walkthrough Part 4

Lesson 7: Form 1042-S Walkthrough Part 5

Lesson 8: Form 1042-S Walkthrough Part 6

Lesson 9: Form 1042-S Walkthrough Part 7

Lesson 10: Form 1042-S Walkthrough Part 8

Lesson 11: Form 1042-S Walkthrough Part 9

Lesson 12: Form 1042-S Walkthrough Part 10

Lesson 13: Form 1042-S Walkthrough Part 11

Lesson 14: Form 1042-S Conclusion

Course 2: Module 14 Quiz

Module 15: 8966 Walkthrough

10 Lessons | 1 Quiz

Lesson 1: Form 8966 Overview Part 1

Lesson 2: Form 8966 Overview Part 2

Lesson 3: Form 8966 Walkthrough Part 1

Lesson 4: Form 8966 Walkthrough Part 2

Lesson 5: Form 8966 Walkthrough Part 3

Lesson 6: Form 8966 Walkthrough Part 4

Lesson 7: Form 8966 Walkthrough Part 5

Lesson 8: Form 8966 Walkthrough Part 6

Lesson 9: Form 8966 Walkthrough Part 7

Lesson 10: Form 8966 Conclusion

Course 2: Module 15 Quiz

Module 16: IGA

6 Lessons | 1 Quiz

Lesson 1: IGA Walkthrough Part 1

Lesson 2: IGA Walkthrough Part 2

Lesson 3: IGA Walkthrough Part 3

Lesson 4: IGA Walkthrough Part 4

Lesson 5: IGA Walkthrough Part 5

Lesson 6: IGA Walkthrough Part 6

Course 2: Module 16 Quiz

End of Course 2 Quiz

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Module 15: 8966 Walkthrough

Operational: Practical Implementation Module 15: 8966 Walkthrough

Module 15: 8966 Walkthrough

Welcome to Module 15! Here we will walk through Form 8966, the FATCA Report. FATCA stands for the Foreign Account Tax Compliance Act. This lesson will provide a line by line discussion of the FATCA Report on Form 8966.

Lesson Resources

Video Transcript

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Module Content

0% Complete 0/10 Steps

Lesson 1: Form 8966 Overview Part 1

Lesson 2: Form 8966 Overview Part 2

Lesson 3: Form 8966 Walkthrough Part 1

Lesson 4: Form 8966 Walkthrough Part 2

Lesson 5: Form 8966 Walkthrough Part 3

Lesson 6: Form 8966 Walkthrough Part 4

Lesson 7: Form 8966 Walkthrough Part 5

Lesson 8: Form 8966 Walkthrough Part 6

Lesson 9: Form 8966 Walkthrough Part 7

Lesson 10: Form 8966 Conclusion

Course 2: Module 15 Quiz

Previous Module

Back to Course

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Operational: Practical Implementation

Module 15: 8966 Walkthrough

Module 15: 8966 Walkthrough

Welcome to Module 15! Here we will walk through Form 8966, the FATCA Report. FATCA stands for the Foreign Account Tax Compliance Act. This lesson will provide a line by line discussion of the FATCA Report on Form 8966.

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