Susan Peckett Witkin, Partner, Blank Rome LLP, to Speak at TKG’s IRS’ New FATCA Agreements and Regulations: What Your Firm Should Start Doing Now Live Webcast
New York, NY, August 16, 2017 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Susan Peckett Witkin, Partner, Blank Rome LLP will speak at The Knowledge Group’s webcast entitled: “IRS’ New FATCA Agreements and Regulations: What Your Firm Should Start Doing Now Live Webcast.” This event is scheduled for November 8, 2017 from 12:00 PM - 2:00 PM (ET).
For further details, please visit:
https://www.theknowledgegroup.org/webcasts/tax-accounting-finance/taxation/irs-new-fatca-agreements-and-regulations
About Susan Peckett Witkin
Susan Peckett Witkin concentrates her practice in the areas of trusts and estates and tax law.
She also advises clients regarding pre- and post-nuptial agreements and tax and property issues relevant to divorces and separations.
Ms. Witkin is an adjunct professor of law at New York University School of Law and previously taught as an adjunct professor of law at St. John’s University School of Law.
Ms. Witkin served for many years as a chair of various committees of the American Bar Association’s Section of Real Property, Probate and Trust Law (now the Section of Real Property, Trusts and Estates Law), including the Estate and Gift Tax Committee, the Marital Deduction Committee, and the Lifetime Transfers Committee. She also served on the Section’s Nominating Committee. Recently, she was one of the principal authors of the April 2012 report of the NYSBA’s Tax and Trusts and Estates Law Sections titled “Report on Notice 2011-101: Request for Comments Regarding the Income, Gift, Estate and Generation-Skipping Transfer Tax Consequence of Trust Decanting,” providing the Internal Revenue Service with a response to its requests for comments on various tax issues implicated in the decanting of trusts.
About Blank Rome LLP
Founded in 1946, Blank Rome is an Am Law 100 firm with 13 offices and over 600 attorneys throughout the United States and in Shanghai who represent businesses and organizations ranging from Fortune 500 companies to start-up entities around the globe, as well as individuals. With a strong focus on the key industry sectors of energy, maritime and transportation, real estate, financial services, healthcare and life sciences, chemical, gaming, technology, and manufacturing, Blank Rome advises its clients on a full spectrum of legal matters involving litigation; M&A and securities; finance, business restructuring, and bankruptcy; cybersecurity and data privacy; environment and mass torts; government contracts; insurance coverage; intellectual property; labor and employment; international trade; matrimonial and family law; policy and political law; tax, benefits, and private client; and white collar defense and investigations. The Firm also represents pro bono clients in a wide variety of cases and matters. For more information, please visit www.blankrome.com.
Event Synopsis:
Earlier this year, the Department of Treasury and the Internal Revenue Service (IRS) welcomed the new year with a sea change regarding the Foreign Account Tax Compliance Act (FATCA). Among them is the issuance of the Revenue Procedure 2017-16 which sets forth an updated Foreign Financial Institution (FFI) Agreement superseding the previous agreement which expired last December 31, 2016. For individuals and entities that act as trustees of foreign trusts, there may be crucial diligence and reporting requirements imposed as a result of FATCA. While many institutional trustees are familiar with these rules, many are still finding FATCA and the Common Reporting Standard (CRS) documentation requests to be overwhelming and relentless.
Compliance with FATCA is already complex, but the IRS will always come knocking. Non-compliance with the new rules would mean significant withholding tax liabilities and penalties. Listen as a panel of thought leaders and professionals in the areas of trusts and estates and tax law as they shepherd the audience through the complexity of the new FATCA Agreements and Regulations and offer solutions and best practices to become fully tax compliant. This panel, assembled by The Knowledge Group, will also provide comprehensive updates highlighting relevant differences and will comment on what withholding agents and financial institutions should be doing right now.
Key topics will include, but not limited to:
· Foreign Account Tax Compliance Act (FATCA) – Legal Framework
· Common Reporting Standard
· Tax and Compliance Considerations
· Impact and Implications to U.S. Taxpayers
· US-Based Trusts Under FATCA Regulations
· Safeguarding Personal Information and Trust Confidentiality
· What to Expect During IRS FATCA Audit
· Recent Trends and Developments
· Common Risks and Pitfalls
· Best Practices
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/
For further details, please visit:
https://www.theknowledgegroup.org/webcasts/tax-accounting-finance/taxation/irs-new-fatca-agreements-and-regulations
About Susan Peckett Witkin
Susan Peckett Witkin concentrates her practice in the areas of trusts and estates and tax law.
She also advises clients regarding pre- and post-nuptial agreements and tax and property issues relevant to divorces and separations.
Ms. Witkin is an adjunct professor of law at New York University School of Law and previously taught as an adjunct professor of law at St. John’s University School of Law.
Ms. Witkin served for many years as a chair of various committees of the American Bar Association’s Section of Real Property, Probate and Trust Law (now the Section of Real Property, Trusts and Estates Law), including the Estate and Gift Tax Committee, the Marital Deduction Committee, and the Lifetime Transfers Committee. She also served on the Section’s Nominating Committee. Recently, she was one of the principal authors of the April 2012 report of the NYSBA’s Tax and Trusts and Estates Law Sections titled “Report on Notice 2011-101: Request for Comments Regarding the Income, Gift, Estate and Generation-Skipping Transfer Tax Consequence of Trust Decanting,” providing the Internal Revenue Service with a response to its requests for comments on various tax issues implicated in the decanting of trusts.
About Blank Rome LLP
Founded in 1946, Blank Rome is an Am Law 100 firm with 13 offices and over 600 attorneys throughout the United States and in Shanghai who represent businesses and organizations ranging from Fortune 500 companies to start-up entities around the globe, as well as individuals. With a strong focus on the key industry sectors of energy, maritime and transportation, real estate, financial services, healthcare and life sciences, chemical, gaming, technology, and manufacturing, Blank Rome advises its clients on a full spectrum of legal matters involving litigation; M&A and securities; finance, business restructuring, and bankruptcy; cybersecurity and data privacy; environment and mass torts; government contracts; insurance coverage; intellectual property; labor and employment; international trade; matrimonial and family law; policy and political law; tax, benefits, and private client; and white collar defense and investigations. The Firm also represents pro bono clients in a wide variety of cases and matters. For more information, please visit www.blankrome.com.
Event Synopsis:
Earlier this year, the Department of Treasury and the Internal Revenue Service (IRS) welcomed the new year with a sea change regarding the Foreign Account Tax Compliance Act (FATCA). Among them is the issuance of the Revenue Procedure 2017-16 which sets forth an updated Foreign Financial Institution (FFI) Agreement superseding the previous agreement which expired last December 31, 2016. For individuals and entities that act as trustees of foreign trusts, there may be crucial diligence and reporting requirements imposed as a result of FATCA. While many institutional trustees are familiar with these rules, many are still finding FATCA and the Common Reporting Standard (CRS) documentation requests to be overwhelming and relentless.
Compliance with FATCA is already complex, but the IRS will always come knocking. Non-compliance with the new rules would mean significant withholding tax liabilities and penalties. Listen as a panel of thought leaders and professionals in the areas of trusts and estates and tax law as they shepherd the audience through the complexity of the new FATCA Agreements and Regulations and offer solutions and best practices to become fully tax compliant. This panel, assembled by The Knowledge Group, will also provide comprehensive updates highlighting relevant differences and will comment on what withholding agents and financial institutions should be doing right now.
Key topics will include, but not limited to:
· Foreign Account Tax Compliance Act (FATCA) – Legal Framework
· Common Reporting Standard
· Tax and Compliance Considerations
· Impact and Implications to U.S. Taxpayers
· US-Based Trusts Under FATCA Regulations
· Safeguarding Personal Information and Trust Confidentiality
· What to Expect During IRS FATCA Audit
· Recent Trends and Developments
· Common Risks and Pitfalls
· Best Practices
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/
Contact
The Knowledge Group
Thomas LaPointe, Jr., Executive Director
646-844-0200
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
646-844-0200
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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