FATCA Basics for U.S. Payers in Trust, Bank and Brokerage     


March 20, 2013

TIME 1:00 – 2:30 pm Central (2 pm ET, 1pm CT, Noon MT, 11 am PT)



The rules for FATCA, the Foreign Account Tax Compliance Act, are now set in final federal regulations.  Our 3-part FATCA implementation webcast series for financial institutions and fiduciaries begins with this March 20 program and continues on April 17 and May 22. 

Learning objectives, FATCA part 1 program:

  • Learn FATCA’s basic structure of reporting and withholding
  • Identify the basic FATCA compliance obligations of U.S. payers in trust, banking and brokerage operations
  • Define FATCA withholdable payments, examples of payments you are sending cross-border that will be subject to FATCA rules
  • Identify FATCA implementation deadlines and major components of a FATCA compliance implementation plan
  • Understand how FATCA treats “grandfathered” preexisting accounts
  • Learn the new interface of FATCA regulations with AML and KYC rules, and how your procedures must change to implement due diligence

Please note: This March 20 webcast is #1 in a series of three webcasts, all designed for U.S. payers (not for offshore withholding agents). Program 2 on April 17 builds on what was learned in program 1, drilling down into FATCA payee categories and when FATCA withholding applies, the impact of Intergovernmental Agreements and new GIIN identifying numbers. Program 3 on May 22 builds on what was learned in programs 1 and 2, detailing the new due diligence and documentation for existing accounts and onboarding of new accounts. 

SPEAKER Jerri LS Langer, JD, LLM

Jerri Langer is a nationally respected information reporting and withholding consultant who provides a wide range of tax advisory services to many Fortune 500 companies around the world. She is a founding member of the Cokala Tax Group, an advisory services firm offering experienced, efficient and practical help in meeting obligations for tax withholding, payee documentation, tax information reporting, and related issues including income classification. She has twice been appointed a member of the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC), serving in 2009-2011 and in 1999-2000. She originally learned much of her trade as a tax advisor on Wall Street, with significant operational experience in brokerage, banking and insurance operations and product development, as well as in retirement plan and employee benefits processing.  Jerri received her JD and LLM in Taxation from the University of Florida – College of Law (1982) and is a member of the Florida and Michigan bars.

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