Year-end US information reporting obligations necessitate being aware of IRS changes and incorporating any new requirements into existing systems, processes and procedures. The past year saw updates to Form 1042-S reporting requirements, a new draft Form 1099-DA, treaty withholding rate changes, and new guidance on Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting obligations.

How should you navigate these important updates and changes? What should you be aware of as you enter into the US information reporting season? What future changes should you start thinking about and preparing for now? Join Ernst & Young LLP professionals for answers to these questions and a practical discussion of how to manage your information reporting processes.

The following topics will be discussed:

• Updates to Form 1042-S
• Electronic filing requirements
• Form 1099-DA
• Treaty withholding rate changes
• Change to Qualified Intermediary (QI)/Withholding Foreign Partnership (WP) requirements
• Changes to FATCA relief provisions
• CRS amendments

Date: Wednesday, December 11, 2024

Time: 1:00-2:00 p.m. ET New York; 10:00-11:00 a.m. PT Los Angeles

Registration: Register for this event.

Panelists

• Jonathan Jackel, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
• Saul Tilmann, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
• Seth Poloner, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP
• Ryan Blewitt, Managing Director, Financial Services Organization, Tax, Ernst & Young LLP

Moderator

• Tara Ferris, Principal, Ernst & Young LLP; EY Americas Information Reporting and Withholding Services Leader, Tax

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objectives: Identify recent US information reporting, withholding, and documentation developments, and recognize how to manage 2023 information return filings. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | barbara.kirchheimer@ey.com

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