About
Get an overview of the reporting requirements for qualified intermediaries
Level
Suitable for anyone who works in a financial institution with a basic understanding of securities trading
Presenter
Kirsty Pitkin
CEO
TConsult Ltd
Learning Outcomes
This course will help you to:
- Identify the types of U.S. tax reporting that apply to your firm
- Understand how 1042-S reporting works and your firm’s role in 1042-S reporting chain
- Understand the purpose of the 1042 tax return
- Understand when Form 1099 and 945 reporting is required
- Plan your reporting schedule based on the various IRS deadlines
- Know where and how to file your reports
- Be aware of the penalties that apply for reporting failures
Assessment
Pass mark: 80%
Maximum 3 attempts
Estimated Time
25 minutes