If your Accounts Payable team has responsibility for paying vendors that are foreign companies or foreign independent contractors, join us for this Tuesday afternoon discussion and explanation of your information reporting and tax withholding compliance obligations.  Compliance work with W-8 forms and Form 1042-S reporting of foreign vendors is the counterpart of Form 1099 compliance for U.S. vendors – but for foreign vendors the rules are different, the tax withholding situations are all different, the certification forms and the information returns filed to the IRS are all different, and the IRS can assess substantial monetary penalties for compliance failures.