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
Content
Welcome
You don't currently have access to this content
1042 tax return
You don't currently have access to this content
1099 and 945 reporting
You don't currently have access to this content
When to report
You don't currently have access to this content
Reporting penalties
You don't currently have access to this content
Summary
You don't currently have access to this content
Course handout
You don't currently have access to this content
Final assessment
You don't currently have access to this content