FATCA: A Live Panel Discussion

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FATCA Webinar

Wednesday, September 16, 2015

14:00 EDT (19:00 BST)

The Event Covered Several Issues Including:

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• In the case of US nationals who haven't lived in the US for over 10 years, for how long are they under obligation to report their income to US authorities under FATCA?

• In cases in which US nationals own shares in private companies, are corporate services providers under obligation to report such holdings under FATCA?

• What are the benefits of FATCA to the USA?

• What kind of consequences can be expected for identified US nationals that have decided not to disclose or report their foreign assets and income to the IRS? Are there any agreements in place or examples of foreign authorities enforcing non-compliance?

More Topics Covered:

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• The US-Brazil IGA has just been enforced in Brazil and it stipulates that both the US and Brazil provide information on a reciprocal basis. Both countries, however, have legal stipulations protecting bank secrecy. How is the US planning to deal with this issue?

• What questions seem to be most important to your clients about FATCA? Do they just seek your help in compliance or are you also able to use their need for FATCA advice as a means to promote other services you offer?

• Based on your experience, do you think FATCA regulations are causing foreign banks to be biased against holding accounts for US persons?

• Are US compliance officers following the language of the IGAs and allowing alternative forms to the W-8 series?

Our Moderator:

Marc Enzi is a U.S. Treasury licensed Enrolled Agent, Certified Financial Planner and Certifying Acceptance Agent in practice for over 15 years. His primary focus is on tax controversy matters, international tax consulting, FATCA compliance, and Expatriate and Rotator population tax compliance. He regularly represents clients in federal and state income and estate tax examinations, and offshore tax compliance matters.

Prior to forming his own practice in 2009, he worked for PricewaterhouseCoopers as an International Tax Manager in the International Advisory Service department in Houston, TX.

Marc Enzi is the Enrolled Agent representative to the Houston Texas IRS/Tax Practitioner Study Group, and teaches classes to Enrolled Agents, CPAs and Attorneys in tax FATCA compliance matters. He is a member of the National Association of Enrolled Agents, and the Certified Financial Planner board of practice standards.

Marc Enzi Enrolled Agent, Certifying Acceptance Agent,

Certified Financial Planner at TaxSolutions, Houston, TX, USA.

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Our Panellists:

William Blum is a tax and business lawyer with substantial expertise in international taxation. His practice emphasizes domestic and offshore tax matters and structures, including tax controversies, as well as estate and asset protection planning. He has served as counsel to the Governor of the US Virgin Islands (USVI), and is the leading expert on the territory's status as a tax haven for non-U.S. persons. Mr. Blum speaks regularly on tax issues at conferences around the world, including those sponsored by the Center for International Legal Studies. He has written articles for CCH, BNA and Euromoney on tax issues in the US as well as the USVI, and he drafted that territory's foreign sales corporation and exempt company laws.

William Blum Partner at Solomon Blum Heymann LLC, New York, NY, USA.

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Our Panellists: William Byrnes Professor & Associate Dean

Texas A&M School of Law, Dallas, TX, USA.

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William Byrnes is one of the leading and best-selling authors in the professional market with 30 books and treatises that have sold in excess of 100,000 copies in print and online. His treatises include: Foreign Tax and Trade Briefs, Tax Havens of the World, Practical Guide to U.S. Transfer Pricing, and Money Laundering, Asset Forfeiture and Recovery, and Compliance - A Global Guide, among many others. William Byrnes held a senior position of international tax for Coopers & Lybrand and has been commissioned by a number of governments on tax and professional education policy. In 1994, William Byrnes pioneered online legal education and, in 1998, created the first online LLM acquiesced by the ABA.

Our Panellists: Robert Ladislaw Counsel

Solomon Blum Heymann LLC, New York, NY, USA.

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Robert Ladislaw is an Attorney and Certified Public Accountant. Practicing for over 20 years, his primary focus is on domestic and international taxation, emphasizing trusts, estates and private foundations, as well as transnational investment and trade. In addition, he regularly represents clients in federal and state income and estate tax examinations, and offshore tax compliance matters. He is a member of the New York State Bar Association, the American Bar Association, the American Institute of Certified Public Accountants, and the New York State Society of Certified Public Accountants.

Our Panellists:

Haydon is a FATCA, CRS, DAC2 and CDOT Consultant with five years of practical hands-on experience of FATCA and CRS. Haydon has a detailed understanding of the FATCA regulations and the practical strategies involved in ensuring and evidencing FATCA compliance. Haydon’s FATCA experience spans Investment Banking, Corporate Banking and Retail Banking. He wrote three chapters of the LexisNexis® Guide to FATCA Compliance: Chapter 2: FATCA Policy & Good Faith Compliance; Chapter 4: Customer Outreach, and; Chapter 14: W8 Equivalents.

Haydon Perryman Independent FATCA Consultant

London, United Kingdom.

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References: • For a lot of FATCA-related material penned by William Blum and

Robert Ladislaw, check out Solomon Blum Heymann’s International Business Law Blog.

• For a look at Professor Byrnes’ work on FATCA, check out LexisNexis® Guide to FATCA Compliance (Chapter 1: Background and Current Status of FATCA).

• For more on Haydon’s work, take a look at his Guide to GATCA (Global Account Tax Compliance “Acts”).

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A Huge Success! We had plenty of attendees, an inspired panel and discerning

questions submitted by Taxlinked.net members.

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Thank You!

A heartfelt thank you to the panellists & moderator for sharing their knowledge & passion for this subject.

Also, thank you to all of you who joined us for the discussion.

See you soon!

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Additional Information

For more information on the FATCA webinar, check out the

Live Event's page on Taxlinked.net.

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Your community manager Masha Soboleva, Email and Skype: [email protected]

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Your community manager Masha Soboleva, Email and Skype: [email protected]

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