QI

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As governments have stepped up their attempts to stem the flow of money and assets into tax havens, the IRS qualified intermediary (QI) program has come under intense scrutiny and undergone changes in the last year. Under the QI program, foreign financial institutions agree to collect information and taxes on behalf of the U.S. government related to interest and dividends paid by U.S. financial institutions into foreign accounts. Foreign financial institutions that do not join the QI program are required to forward documentation about each account holder to U.S. financial institutions.

The Knowledge Congress has assembled a distinguished panel of government officials and bank advisers to discuss changes in the QI program and explain how the government is collecting information about money held in and paid into foreign accounts. Panel members will share their expertise in a LIVE two-hour Webcast.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093865
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Understanding the New Qualified Intermediary (QI) live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Thomas S. Dick, Partner, DLA Piper LLP,
Carol P. Tello, Partner, Sutherland Asbill & Brennan LLP,
Jonathan Sambur, Senior Associate, Mayer Brown, LLP,
and
Marvin S. Michelman, Firm Director, Deloitte Tax LLP

Background, Overview Legislative Proposals
Current Regulations
Problems that have resulted in the new proposals.
Announcement (2008-98) and the response to it.
Current IRS thinking Regarding the Changes to the QI agreement.
    - what is being considered
    - what the obstacles are to meeting the IRS's changes.



DLA Piper LLP
Thomas Dick
Partner
speaker bio »»

Sutherland Asbill & Brennan LLP
Carol P. Tello
Partner
speaker bio »»

Mayer Brown, LLP
Jonathan Sambur
Senior Associate
speaker bio »»

Deloitte Tax LLP
Marvin S. Michelman
Firm Director
speaker bio »»

Who Should Attend?

- Multinational Companies
- Consultants
- FCPA Attorneys

Why Attend?

This is a must attend event to everyone to hear the up-to-the minute updates, issues and developments concerning the New Qualified Intermediary (QI) Program.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



Understanding the New Qualified Intermediary (QI) Program for Foreign Financial Institutions
Speaker Firms:








 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.