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Webinar
16
Sep 2015
6:00 UTC
Understanding FATCA
FATCA

Find out more about the US’s Foreign Account Tax Compliance Act (FATCA) and some of its main challenges for international organizations.

Questions included:

  • In addition to more transparency for US passport holders and—possibly—better tax collection for the IRS, 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?
  • 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 regulations?
  • In cases in which US nationals own shares in private companies, are corporate service providers under obligation to report such holdings under FATCA regulations?
  • And more!

For more information on FATCA and this webinar, please take a look at our blog posts titled FATCA: A Live Panel Discussion! and FATCA: Solution or Danger?

Submit Your Questions

If you've listened to the recording or read the transcript and have any follow-up questions for our panel, please feel free to submit them on our forum discussion.

SUBMIT HERE

Speakers

William_Blum

William Blum,

Partner,

Solomon Blum Heymann LLC,

New York, NY, USA

William 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 United States Virgin Islands, and is the leading expert on the territory's status as a tax haven for non-U.S. persons. Mr. Blum is admitted to practice in New York, Colorado, New Jersey, Pennsylvania, the U.S. Virgin Islands, Guam, and the Republic of the Marshall Islands.

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 U.S. as well as the U.S. Virgin Islands, and he drafted that territory's foreign sales corporation and exempt company laws. From 2004 to 2007, Mr. Blum served as the president of Interlegal, an international network of law firms with members in over 40 countries.

For a lot of FATCA-related material penned by William Blum, check out Solomon Blum Heymann’s International Business Law Blog.

William_Byrnes

William Byrnes,

Professor & Assoc. Dean,

Texas A&M School of Law,

Dallas, TX, USA

Professor William H. Byrnes, an Associate Dean of Texas A&M University School of Law, is one of the leading authors and best-selling authors in the professional markets with 30 books and treatises that have sold in excess of 100,000 copies in print and online, with over one thousand online annual database subscribers. His treatises include: Foreign Tax and Trade BriefsTax Havens of the WorldLexisNexis Guide to FATCA CompliancePractical Guide to U.S. Transfer PricingMoney Laundering, Asset Forfeiture and Recovery, and Compliance--A Global GuideTaxation of Intellectual Property and TechnologyInternational Withholding Tax Treaty GuideInternational Trust Laws & Analysis, Company Laws & Wealth Management. 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, in 1998 created the first online LL.M. acquiesced by the ABA, and speaks globally on best practices for distance education.

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

Robert_Ladislaw

Robert Ladislaw,

Counsel,

Solomon Blum Heymann LLC,

New York, NY, USA

Robert 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. Prior to joining Solomon Blum, Mr. Ladislaw was a manager in the international tax group of one of the major international accounting and consulting firms where he regularly advised privately held and publicly held corporate clients on structuring inbound and outbound investment, mergers and acquisitions, and other tax issues. He is admitted to practice in New York.

Mr. Ladislaw has lectured for the Council for International Tax Education (CITE). He has also been quoted regarding tax issues in various media, and was the co-author of an article on banking secrecy published in the Inter-Pacific Bar Association Journal. 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.

For a lot of FATCA-related material penned by Robert Ladislaw, check out Solomon Blum Heymann’s International Business Law Blog.

Haydon_Perryman

Haydon Perryman,

Independent FATCA Consultant,

London, United Kingdom

Haydon is a FATCA, CRS, DAC2 and CDOT Consultant with five years of practical hands-on experience of FATCA / 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. (UBS, Barclays, RBS and Lloyds.) 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.

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

Marc_Enzi

Marc Enzi,

Enrolled Agent, Certifying Acceptance Agent, Certified Financial Planner,

Tax Solutions,

Houston, TX, USA

Marc 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.

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