Accounts Payable CD Library!

Form 1042-S: What You Need to Know to Comply with IRS Reporting Requirements for Payments to Nonresident Aliens

The reporting of NRA Vendor Payments is an hidden audit issue with potentially large exposure for both corporations (especially multi-nationals) and colleges and universities. To make matters worse, the IRS has announced plans to increase enforcement initiatives in this area. But you can protect your organization. Learn how to plan a self-review of vendor payments; best practices; and preventive measures for management.

This program was designed by two seasoned professionals, experienced in the nuances of the payment world, to bring you the succinct information you need in just one day. When the session is over you will know what you need to do to recover the funds already misspent as well as what to do to ensure it doesn't happen in the future.

Purchase the CD here.

Please join us for an information-packed 60 minutes as Cyrus Daftary, an international tax and regulatory compliance expert discusses the following:

* What are vendor payments? Why are they important?
* Basic rules of NRA withholding and reporting
* Types of documentation and corresponding requirements
* What you need to do to prepare for an audit and/or health check
* Best practices to guard against penalties and withholding liability
* Common mistakes and omissions and what you can do to avoid them

Purchase the CD here.

About our Expert:

Cyrus Daftary is a partner at Burt, Staples and Maner, LLP specializing in international taxation and regulatory compliance. Mr. Daftary has extensive experience with the United States withholding and reporting rules for U.S. and non-U.S. persons, as well as the U.S. Patriot Act and various anti-money laundering regimes, the European Savings Directive, and e-commerce issues. He has worked with a large number of major financial institutions and multi-national corporations, and is an advisor and executive member of Compliance Technologies International, LLC. A popular speaker and writer, Mr. Daftary is a co-author of three editions of the E-Business Legal Handbook, and has taught courses on cyber-law, Internet taxation, and e-commerce as an adjunct professor at Suffolk University School of Law, Northeastern University's Master of Taxation program and Suffolk University?s Frank Sawyer School of Business.

Purchase the CD here.