HomeWebcastThe Foreign Accounts Tax Compliance Act (FATCA): Regulatory Trends and Compliance Issues in 2020
Online CPE FATCA 2020 CLE

The Foreign Accounts Tax Compliance Act (FATCA): Regulatory Trends and Compliance Issues in 2020

Live Webcast Date: Thursday, February 27, 2020 from 12:00 pm to 2:00 pm (ET)
CPE TaxationLive Webcast
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Add to Calendar 02/27/2020 11:00 am 02/27/2020 2:00 pm America/New_York The Knowledge Group Webinar: The Foreign Accounts Tax Compliance Act (FATCA): Regulatory Trends and Compliance Issues in 2020 The event starts in an hour. If you have not registered, please go to the link below to sign up today.https://www.theknowledgegroup.org/checkout/?add-to-cart=141727\r\n The Foreign Account Tax Compliance Act (FATCA) landscape has been evolving in recent years. With the Internal Revenue Service’s (IRS’) and the U.S. Treasury Department’s continuous efforts to clamp down tax evasion and other criminal activities, complex reporting requirements have been instituted and several FATCA guidance have been released. Thus, significantly shaping this area of law. \n \nAs this trend is expected to continue, tougher compliance requirements and sanctions are expected. Businesses and practitioners must keep themselves abreast with the emerging updates in the regulatory paradigm. Revisiting their pre-existing practices is necessary to ensure compliance with the evolving FATCA landscape. \n \nIn this LIVE Webcast, a panel of key thought leaders and practitioners assembled by The Knowledge Group will provide the audience with an in-depth discussion of the significant trends and updates in FATCA. Speakers will dig deeper as they analyze critical issues and offer best compliance strategies to avoid pitfalls. \n \nKey topics include: \n \n \n The Foreign Accounts Tax Compliance Act \n Emerging Trends and Developments \n Red Flags \n Mitigating Risks and Perils \n Best Compliance Practices \n 2020 Outlook \n \n https://www.theknowledgegroup.org/webcasts/foreign-accounts-tax-compliance-act/

Online CPE FATCA 2020

Join us for this Knowledge Group Online CPE FATCA 2020 Webinar. The Foreign Account Tax Compliance Act (FATCA) landscape has been evolving in recent years. With the Internal Revenue Service’s (IRS’) and the U.S. Treasury Department’s continuous efforts to clamp down tax evasion and other criminal activities, complex reporting requirements have been instituted and several FATCA guidance have been released. Thus, significantly shaping this area of law.

As this trend is expected to continue, tougher compliance requirements and sanctions are expected. Businesses and practitioners must keep themselves abreast with the emerging updates in the regulatory paradigm. Revisiting their pre-existing practices is necessary to ensure compliance with the evolving FATCA landscape.

In this LIVE Webcast, a panel of key thought leaders and practitioners assembled by The Knowledge Group will provide the audience with an in-depth discussion of the significant trends and updates in FATCA. Speakers will dig deeper as they analyze critical issues and offer best compliance strategies to avoid pitfalls.

Key topics include:

  • The Foreign Accounts Tax Compliance Act
  • Emerging Trends and Developments
  • Red Flags
  • Mitigating Risks and Perils
  • Best Compliance Practices
  • 2020 Outlook

Agenda

SEGMENT 1:
Shannon Retzke Smith, Partner
Withersworldwide

  • FATCA filings a US person makes (the 8938 side), that is, the ever expanding scope of what is being included on the form, the expanding scope of who must file (now required on the individual and selected entity filings made with a US tax return), impacts for failing to file and means to address noncompliance.

SEGMENT 2:
Matthew Lee, Partner
Fox Rothschild LLP

  • Foreign entity registration and reporting due by the non-US entity (rather than the US persons/entities above), GIIN process, selection of type of entity (Passive NEFI, etc), and trends in that area.

Who Should Attend

  • Tax Lawyers
  • Tax Compliance Officers
  • Tax Directors
  • Tax Preparers
  • Tax Consultants
  • Tax Executives
  • CPAs
  • Finance Executives
  • Financial Industry Analysts
  • Foreign Financial Institutions
  • Financial Institution Executives and Senior Officers

Online CPE FATCA 2020

SEGMENT 1:
Shannon Retzke Smith, Partner
Withersworldwide

  • FATCA filings a US person makes (the 8938 side), that is, the ever expanding scope of what is being included on the form, the expanding scope of who must file (now required on the individual and selected entity filings made with a US tax return), impacts for failing to file and means to address noncompliance.

SEGMENT 2:
Matthew Lee, Partner
Fox Rothschild LLP

  • Foreign entity registration and reporting due by the non-US entity (rather than the US persons/entities above), GIIN process, selection of type of entity (Passive NEFI, etc), and trends in that area.

Online CPE FATCA 2020

Online CPE FATCA 2020

Shannon Retzke SmithPartnerWithersworldwide

Shannon is a partner in the private client and tax team.

She focuses her practice on sensitive tax matters, which often involve negotiations with government agencies. Shannon represents clients in a broad range of tax, trust, estate, and business planning issues. Her work involves planning for high net worth US and international families, with particular emphasis on planning for closely held businesses. Shannon’s planning work for clients involves a range of matters, from creating tax-efficient wealth transfer structures to addressing income tax issues arising from investments and operating businesses. She has advised prominent politicians, business people and well known athletes. She is known globally as one of the go-to attorneys for individuals with US tax or reporting issues and has represented clients from over 20 countries in the last year.

She is a highly regarded tax controversy attorney who assists clients in resolving high-stakes, complex tax controversies. She regularly represents high net worth individuals, corporations, and partnerships facing federal or state tax liability. Shannon develops strategic responses and solutions with a goal to resolve a client’s matter privately at the earliest possible point while securing the best possible result.

In addition to the traditional tax controversies, such as representing clients in an audit, she has extensive experience in advising clients on issues regarding foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s 2009 Offshore Voluntary Disclosure Program, 2011 Offshore Voluntary Disclosure Initiative, 2012 Offshore Voluntary Disclosure Program, 2014 Offshore Voluntary Disclosure Program, Streamlined Filing Procedure and other means of resolving US income and reporting deficiencies. Shannon has represented hundreds of U.S. taxpayers with undisclosed foreign bank accounts.

Online CPE FATCA 2020

Matthew LeePartnerFox Rothschild LLP

Matthew D. Lee is a partner in the Philadelphia office of Fox Rothschild LLP. He is a former U.S. Department of Justice trial attorney who concentrates his practice on all aspects of white collar criminal defense and federal tax controversies. He has extensive experience in advising clients on issues regarding foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s Offshore Voluntary Disclosure Program and Streamlined Filing Compliance Procedures. He has represented hundreds of U.S. taxpayers with undisclosed offshore bank accounts and assets. Mr. Lee has published numerous articles regarding the IRS voluntary disclosure programs and FBAR and FATCA reporting obligations and speaks frequently on these topics. He has also represented clients in all stages of proceedings before the Internal Revenue Service, including audits, appeals, and collections, and Tax Court and district court litigation. Mr. Lee also has experience in conducting corporate internal investigations and advising clients as to corporate compliance issues involving the Bank Secrecy Act, the USA Patriot Act, FATCA, and anti-money laundering laws and regulations. Mr. Lee has represented corporations and individuals in criminal investigations involving tax, money laundering, health care, securities, public corruption, and fraud offenses, and has significant experience in handling all stages of federal litigation including trials and appeals. Mr. Lee is the author of Foreign Account Tax Compliance Act Answer Book 2016 (Practising Law Institute) and publishes a blog entitled Tax Controversy Sentinel (https://taxcontroversy.foxrothschild.com/).

Online CPE FATCA 2020

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   Live Webcast

Prerequisite:
   General knowledge of tax laws

Course Code:
   148428

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credits:
    2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Founded over 100 years ago, Withers is a leading international law firm for global businesses, their equity and debt stakeholders, and the executives who manage them. The firm is one of the largest tax law firms in the world and consists of over 160 partners supported by more than 1,000 people across 18 strategically located international offices.

With an unrivalled team of more than 150 personal and corporate tax lawyers, Withers is always ready to assist in domestic and international tax planning. Our advice is knowledgeable, reliable and solution-focused. We excel in solving cross-border and multi-jurisdictional problems. We work with a broad range of successful individuals, families and companies on their interests in more than 100 countries. Our private clients include entrepreneurs, artists, athletes and city professionals. We advise families who have held wealth for generations, and individuals who have received an unexpected ‘windfall’. Corporate clients include many household names amongst fashion brands, financial services firms and hotel and hospitality companies.

Whatever your situation, we can help with your tax planning, when necessary consulting with leading colleagues in areas such as trusts, wealth planning, immigration and employment. Each situation is different, but as a firm established more than a century ago, we can draw on a wealth of previous cases when assessing new ones.

Website: https://www.withersworldwide.com/

Fox Rothschild LLP is a national law firm known for excellent client service and agility in problem solving. Our lawyers provide a full range of services to public and private companies, from startups to multinational corporations, and prominent individuals, including celebrities, athletes, artists and entrepreneurs. Founded more than a century ago, Fox has grown significantly in recent years and is now ranked in the AmLaw 100, with 750 attorneys in 22 offices coast to coast.

Website: https://www.foxrothschild.com/

Shannon is a partner in the private client and tax team.

She focuses her practice on sensitive tax matters, which often involve negotiations with government agencies. Shannon represents clients in a broad range of tax, trust, estate, and business planning issues. Her work involves planning for high net worth US and international families, with particular emphasis on planning for closely held businesses. Shannon’s planning work for clients involves a range of matters, from creating tax-efficient wealth transfer structures to addressing income tax issues arising from investments and operating businesses. She has advised prominent politicians, business people and well known athletes. She is known globally as one of the go-to attorneys for individuals with US tax or reporting issues and has represented clients from over 20 countries in the last year.

She is a highly regarded tax controversy attorney who assists clients in resolving high-stakes, complex tax controversies. She regularly represents high net worth individuals, corporations, and partnerships facing federal or state tax liability. Shannon develops strategic responses and solutions with a goal to resolve a client’s matter privately at the earliest possible point while securing the best possible result.

In addition to the traditional tax controversies, such as representing clients in an audit, she has extensive experience in advising clients on issues regarding foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s 2009 Offshore Voluntary Disclosure Program, 2011 Offshore Voluntary Disclosure Initiative, 2012 Offshore Voluntary Disclosure Program, 2014 Offshore Voluntary Disclosure Program, Streamlined Filing Procedure and other means of resolving US income and reporting deficiencies. Shannon has represented hundreds of U.S. taxpayers with undisclosed foreign bank accounts.

Matthew D. Lee is a partner in the Philadelphia office of Fox Rothschild LLP. He is a former U.S. Department of Justice trial attorney who concentrates his practice on all aspects of white collar criminal defense and federal tax controversies. He has extensive experience in advising clients on issues regarding foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s Offshore Voluntary Disclosure Program and Streamlined Filing Compliance Procedures. He has represented hundreds of U.S. taxpayers with undisclosed offshore bank accounts and assets. Mr. Lee has published numerous articles regarding the IRS voluntary disclosure programs and FBAR and FATCA reporting obligations and speaks frequently on these topics. He has also represented clients in all stages of proceedings before the Internal Revenue Service, including audits, appeals, and collections, and Tax Court and district court litigation. Mr. Lee also has experience in conducting corporate internal investigations and advising clients as to corporate compliance issues involving the Bank Secrecy Act, the USA Patriot Act, FATCA, and anti-money laundering laws and regulations. Mr. Lee has represented corporations and individuals in criminal investigations involving tax, money laundering, health care, securities, public corruption, and fraud offenses, and has significant experience in handling all stages of federal litigation including trials and appeals. Mr. Lee is the author of Foreign Account Tax Compliance Act Answer Book 2016 (Practising Law Institute) and publishes a blog entitled Tax Controversy Sentinel (https://taxcontroversy.foxrothschild.com/).

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