10 Common Errors on Nonresident Alien Accounts

Compliance Frontline & New Accounts Operations Deposit Account Compliance

On-Demand Webinar

StreamedDec 3, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Are you proficient at opening, managing, and reporting on nonresident alien (NRA) accounts?

Are you the “go-to” person, or do you have to seek them out when a question arises? Do you understand the reporting requirements and tax forms? This well-timed webinar will delve into these issues and procedures, increase your knowledge and proficiency, and explain the 10 most-common mistakes.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Break down the W-8BEN form and its components
Complete system setup for good 1042S reporting
Understand the new account process for identification of nonresident aliens
Set up backup withholding on accounts without proper W-8BENs
Track the expiration of W-8BENs
Obtain foreign taxpayer identification numbers (FTINs)
Develop new account questionnaires to help with nonresident alien account setup

WEBINAR DETAILS

Does opening accounts for nonresident aliens keep you awake at night because of the complicated W-8BEN process and the FTIN requirements on interest-bearing accounts? This program will explore 10 common mistakes and myths on nonresident alien accounts – interest-bearing or not. Learn to simplify the process for your new accounts desk, generate good reports, and properly complete W-8BENs. This timely webinar will break it all down into individual components and procedures to bring together the front-of-the-house opening and the back-of-the-house reporting.

WHO SHOULD ATTEND?

This informative session will benefit deposit operations staff, new accounts personnel, compliance professionals, risk managers, and trainers.

TAKE-AWAY TOOLKIT

Withholding handbook with all the form instructions needed for W8BEN and 1042S reporting
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.