New York, NY, June 25, 2011 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced that Erika Litvak, Shareholder, Greenberg Traurig LLP will speak at the Knowledge Congress’ webcast entitled: “2011 Foreign Account Tax Compliance Act LIVE Webcast.” This event is scheduled on July 22, 2011 from 12:00pm to 2:00pm (ET). (For more details, please visit: http://knowledgecongress.org/speakers_2011_Tax_Compliance.html)
On April 8, 2011, the Internal Revenue Service (IRS) issued Notice 2011-34, which provides supplemental preliminary guidance on the preparation, documentation and withholding requirements under the Foreign Account Tax Compliance Act (FATCA), provisions of the Hiring Incentives to Restore Employment (HIRE) Act.
Some of the key areas addressed in this webcast:
-- Revision of pre-existing account protocols to identify US accounts
-- Initial guidance on passthru payments
-- Revisions of account reporting obligations
-- New guidance on Deemed Compliant Status
-- Rules for the treatment of qualified intermediaries under section 1471
-- Treatment of expanded affiliated groups
These changes will affect foreign banks and other financial institutions in any industry with an international operation. The question now is what’s a FFIs’ to do?
The Knowledge Group is assembling a panel of distinguished professionals and key regulators to help financial institutions, investment entities, and many other organizations understand the new regulations. The speakers will share their expert opinions in a two-hour Live Webcast.
About Erika Litvak
Erika Litvak concentrates her practice on taxation, with special emphasis on international taxation. Erika assists individuals with off-shore income tax and estate planning, expatriation, pre-immigration planning, structuring investments in the United States, etc. Erika also assists U.S. and foreign business entities in cross-border transactions, merger and acquisitions, investments of U.S. entities abroad and investments of foreign entities in the United States, establishment of operations in the United States and abroad as well as with reporting and compliance issues in addition to any other aspect related to international taxation.
Areas of Concentration
- Pre-immigration planning
- Off-shore income tax and estate planning
- Investment in the United States
- Acquisition, maintenance and sale of U.S. real estate by foreigners
- Reporting and compliance
- Cross-border transactions
- Mergers and acquisitions
- U.S. companies investing or doing business abroad
- Starting or restructuring operations in the United States
- Foreign Account Tax Compliance Act (FATCA)
About Greenberg Traurig
Greenberg Traurig is an international law firm with 1800 attorneys and governmental affairs professionals. Greenberg Traurig offers clients local resources and capabilities in 32 financial, business and government centers, including more U.S. locations than any other Top 10 law firm on The National Law Journal's 2010 NLJ 250.
Greenberg Traurig provides integrated legal services for clients worldwide. We offer a multidisciplinary team, including senior lawyers who have been the chief legal officers at major multinational companies and have spent years solving real-world problems in the business, political and legal arenas. We build teams around client needs, ensuring lean staffing, front-end planning and flexible billing, where appropriate. Our experience in multiple practice areas and our network of contacts in the United States and abroad position us to help clients achieve their objectives.
Greenberg Traurig serves clients from locations in Albany, NY; Amsterdam, The Netherlands; Atlanta, GA; Austin, TX; Boston, MA; Chicago, IL; Dallas, TX; Denver, CO; Fort Lauderdale, FL; Houston, TX; Las Vegas, NV; London, England (Operates as Greenberg Traurig Maher LLP ), Los Angeles, CA; Miami, FL; Morristown, NJ; New York, NY; Orange County, CA; Orlando, FL; Palm Beach County, FL; Philadelphia, PA; Phoenix, AZ; Sacramento, CA; San Francisco, CA; Shanghai, China; Silicon Valley, CA; Tallahassee, FL; Tampa, FL; Tysons Corner, VA; Washington, D.C.; White Plains, NY; and Wilmington, DE. Additionally, the firm has established a strategic alliance with the independent law firm Studio Santa Maria in Milan and Rome.
For more information about Erika Litvak and Greenberg Traurig, please visit: www.gtlaw.com
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: www.knowledgecongress.org.