Final FATCA Regulations: Are You Ready For Chapter 4?
Final FATCA regulations were issued in January 2013. The final FATCA regulations implement Chapter 4’s goal of accessing and collecting information about U.S. account holders of foreign institutions or associated foreign vendors and suppliers. Nondisclosure results in a 30% withholding on payments to “high risk” foreign parties. U.S. businesses (and their advisors) must address the administrative requirements of the FATCA regulations before remitting funds to foreign vendors or suppliers as well as foreign financial institutions. Failing to do so, they risk substantial penalties and interest under FATCA. It is imperative that an appropriate FATCA compliance strategy be put in place by U.S. businesses as well as foreign financial institutions.
Join our presentation and gain an understanding of the Chapter 4 requirements, key implementation dates and new tax reporting forms. We look forward to a lively discussion about FATCA withholding.
Please feel free to invite other members of your firm.
• 7:00 - 7:30 a.m. - Registration
• 7:30 - 10:00 a.m. - Program
Gary P. Tober
Gary P. Tober has been practicing law for over thirty-five years. His
practice encompasses business transactions and international tax advice. Mr. Tober advises U.S. and foreign corporations,
partnerships and individuals in tax and business planning matters.
He regularly consults with clients on the potential tax implications
for cross-border operations and investment transactions for a
variety of companies ranging from fruit growers, durable goods
manufacturers to foreign-based technology companies.
Ada Ko, with over 28 years of legal experience, counsels domestic
and international clients on the tax aspects of corporate
transactions, including mergers and acquisitions, financing, joint
ventures and other business operations. Her practice emphasizes
the tax implications of cross-border business operations and
investment transactions. Ms. Ko was formerly Tax Counsel to the
city of Seattle in the state of Washington. She has successfully tried
tax cases before administrative and judicial tribunals.