New York, NY, November 28, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Alison Vail Lennarz, Of Counsel, Kaufman & Canoles, P.C. will speak at the Knowledge Group’s webcast entitled: “Emerging Issues: Are You Prepared for the Upcoming FATCA Compliance Deadlines for Non-U.S. Financial Institutions? LIVE Webcast.” This event is scheduled for January 15, 2016 from 12:00pm – 2:00pm (ET).
For further details, please visit: https://theknowledgegroup.org/emerging-issues-are-you-prepared-for-the-upcoming-fatca-compliance-deadlines-for-non-us-financial-institutions-live-webcast/
About Alison Vail Lennarz
Alison is Of Counsel with Kaufman & Canoles, P.C., in its Williamsburg, Virginia, office. She concentrates her practice in the areas of estate planning and administration, tax planning and compliance, as well as counseling small businesses and non-profits. She regularly advises clients on sophisticated tax planning matters, including international tax planning and FATCA issues. Committed to community service, she has served as a director and legal counsel to area non-profit organizations including Big Brothers Big Sisters of the Greater Virginia Peninsula, Hampton Roads Academy, and Latisha’s House.
About Kaufman & Canoles, P.C.
Tracing its origins to 1919, Kaufman & Canoles has developed its business law practice over the years to become the largest law firm headquartered in southeastern Virginia. With offices in Norfolk, Virginia Beach, Newport News, Chesapeake, Hampton, Williamsburg, Richmond and Tysons Corner, the firm serves international, national and regional clients needing assistance in a broad range of legal specialties. Areas of concentration include commercial and banking law; business investments; acquisitions and joint ventures; real estate transfers, leasings, and financings; corporate and partnership taxation; estate planning; intellectual property; computer law; securities; antitrust; immigration; labor and employment; employee benefits; regulatory compliance; environmental law; public finance; health care law; mediation and arbitration, and litigation.
With the Foreign Account Tax Compliance Act (FATCA) coming into effect this 2016, many U.S. and non-U.S. financial institutions (FIs) around the globe are struggling to establish due diligence system and infrastructure to be able to identify those who have U.S. tax liability. The focus has clearly shifted to compliance from entity classification and registration, which implies an increased pressure to non-U.S. entities. Official guidelines have been issued by non-U.S. jurisdictions to enforce FATCA compliance by the FIs within their corresponding reach.
The Cayman Islands has issued an updated User Guide with reporting and notification deadlines clarifying notification process with regards to Cayman FI sponsorships and nil return filing. Moreover, the deadline for 2015 year FATCA report of U.S. reportable persons is on May 31, 2016 while pre-existing account remediation completion, other than high-value accounts, is due on June 30, 2016. On the other hand, the British Virgin Islands’ (BVI’s) International Tax Authority (ITA) has also issued its updated FATCA Guidance Notes. Changes in the Guidance Notes include the extension of the 2014 reporting submission.
About The Knowledge Group /The Knowledge Congress Live Webcast Series
The Knowledge Group 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 for an event, please visit: http://theknowledgegroup.org/