FOREIGN VENDORS: HOW TO IDENTIFY FOREIGN STATUS AND HOW TO DETERMINE TAX WITHHOLDING REQUIREMENTS
Does your organization make payments to foreign vendors? The Form 1042-S tax reporting and tax withholding rules are extremely complex and failure to withhold from payments when required results in the required amount becoming a tax liability of the payer. This program will address the essential regulatory requirements for U.S. federal income tax withholding and Form 1042-S filing, plus a review of the new versions of IRS forms used by foreign vendors to certify their status.
