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Opening Accounts for Non-Resident Aliens Webinar

The nonresident alien market in the United States is a trillion dollar business. If your financial institution is opening accounts for nonresident aliens, you have decided to be a part of this business. There are many questions regarding deposit account opening on documents and procedures. The biggest issue is the tax reporting piece and the W-8BEN. In this program we will go from account opening to tax reporting and cover all the deposit issues in being the financial institution with a nonresident alien account. This webinar is a complete guide for opening deposit accounts for nonresident aliens.

Covered Topics:

•New Accounts opening procedures and documentation
•What types of documents can we take and what is the risk?
•What does the BSA exam manual require for due diligence?
•Understanding the difference between NRAs with social security numbers and NRAs with ITINs
•What are our withholding requirements for W-8BENs, when do W-8BENs have to be updated?
•Canadians and tax reporting
•What does our financial institution do if the accountholder does not have a TIN? Can we still open the account and what documents can we receive?
•When do we file a 1042S?
•And much much more

Who Should Attend?

New accounts representatives, BSA officers, compliance officers, tax reporting personnel, branch managers, branch administration and training.

Instructor:  Deborah Crawford, President, gettechnical inc.

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

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