Non Resident Alien Payee (1042-S, W-8) - How to Handle the Information Reporting and Backup Withholding Requirements of the IRS

Gina J. Lowdermilk
Dec 13, 2018 - 01:00 PM EST
Starting at

$249

Premier pro price: $224 (save 10%)

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Collecting the tax due from NRAs (nonresident aliens) working in the U.S. is a Tier 1 audit issue. This tax burden is minimized when companies making payments to NRAs for dependent and independent personal services properly withhold on these payments. This training program will review the five forms W-8 including the new W-8BEN-E just released in Q1-2014. It will help attendees establish which W-8 to provide NRAs working for them.

Why Should You Attend:

  • How do you know whether you can accept a W-9 from someone or you must request a W-8 instead?
  • What if you send them a 1099 when you should have sent them a 1042-S?
  • How will you deal with the IRS demand for the backup withholding you failed to deduct from the NRA’s payments?

This webinar will help attendees identify your NRA payees and bring your company into compliance with the 30% backup withholding requirements on dollar one. By the end of the course, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, and adequate documentation to ensure your NRAs are properly handled according to IRS and tax treaty regulations. Attendees will also learn how to obtain the treaties and confirm exemption claims made by your NRAs with the IRS.

Areas Covered in the Webinar:

  • How to determine whether nonresident aliens are working for you
  • Review the five forms W-8 including the new W-8BEN-E just released in Q1-2014
  • Learn about the drafts of revised forms W-8 soon to be released
  • Learn how to determine which W-8 to provide to the NRA
  • Discover how a NRA individual must support their claim of exemption from withholding
  • Learn the best way to handle questions form NRAs who do not understand your requests or the forms
  • Examine a tax treaty and learn how to use it to confirm a claim of exemption from or reduced rate of backup withholding
  • Discover how to make your backup withholding deposits timely and keep the IRS from confusing them with your payroll tax withholding deposits
  • Study the 1042-S and related forms for filing and reporting backup withholding on the annual withholding tax return
  • Avoid the penalties for under-withholding and failure to report your NRAs
  • Discover best practices for managing NRA information reporting and backup withholding

Who Will Benefit:

  • Information Reporting Officers
  • Tax Managers
  • Compliance Officers
  • Compliance Managers
  • CFOs
  • Controllers
  • Accounting Managers
  • Bank Managers
  • Auditors
  • IT Managers
  • Risk Managers
Webinar Events
Attend Live Webinar
Dec 13, 2018 - 01:00 PM EST

Duration: 75 Minutes

Single Attendee

Premier pro price: $224 (save 10%)

Group of 3 to 5

Premier pro price: $359 (save 10%)

Group of 6 to 10

Premier pro price: $539 (save 10%)

Training CD-USB

Physical CD-USB of recorded session will be despatched after 72 hrs on completion of payment

Premier pro price: $449 (save 10%)

Recorded video

Recorded video session

Premier pro price: $314 (save 10%)


Speaker: Gina J. Lowdermilk, BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.


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