Register to our QI Operational Tax Reporting Event - Banking blog


In the absence of any extension, the deadline for submitting IRS Forms 1042 and 1042-S on behalf of tax year 2018 is 15 March 2019. The recent conclusion of periodic reviews of Qualified Intermediary (QI) compliance highlighted repeating issues with regards to Form 1042 reconciliation and U.S. tax reporting compliance.

To address this and in anticipation of the 2018 U.S. tax reporting deadlines, Deloitte is hosting events in our Zurich (6 March) and Geneva (27 February) offices to provide updates on U.S. withholding tax, insights from the recent round of QI periodic reviews and useful tips in order to avoid common Forms 1042 and 1042-S reporting issues.

The following topics will be discussed:

  • Developments in the world of U.S. withholding tax
  • The lifecycle of U.S. withholding tax: Documentation, withholding and reporting
  • QI periodic review: What lessons have we learned?
  • Form 1042/1042-S: What, when and why?
  • Filing on behalf of 2018: Correctly mapping Income, Exemption and Status codes
  • Case study: Withholding rate pool vs. recipient specific reporting
  • U.S. tax reporting best practices: Avoid common pitfalls in advance of 2018 filing

Event timing

Wednesday 27 February in Geneva - 08:30am to 11:30am

Language: English
Fee: CHF 250 (+VAT)

Wednesday 6 March in Zurich – 08:30am to 11:30am

Language: English
Fee: CHF 250 (+VAT)

Interested in joining us?

Click here to register and if you want to receive more information about the agenda, please contact Brandi Caruso or Karim Schubiger.


Markus Weber - Partner, Financial Services Tax Leader Switzerland

Markus heads the Financial Services Tax practice. He has more than ten years of experience in advising financial institutions in the banking, insurance and asset management sector, covering the full range of relevant taxes. Prior to joining Deloitte, he was the managing director of a fund management company, followed by a role as executive director in the group tax department of a leading Swiss bank, where he was responsible for compliance with cross-border U.S. tax regulations.



Brandi Caruso - Partner, Financial Services Tax & Legal

Brandi heads the Tax Transparency offering within the Financial Services Tax & Legal practice across Switzerland, responsible for services related to QI, FATCA, CRS, and 871(m). She is a technical advisor and a subject matter expert to a number of Swiss-based trust companies and banks and leads the Deloitte Trust Forum. She has more than 15 years of experience with Deloitte in the US, UK, and in Switzerland.



Karim Schubiger - Director, Financial Services Tax & Legal

Karim leads the Tax Transparency team in the Suisse Romande and Ticino markets within the Financial Services Tax & Legal practice, responsible for services related to QI, FATCA, CRS, and 871(m). He is a technical advisor and subject matter expert to financial institutions in the banking, trust, and insurance sectors. Prior to joining Deloitte, Karim worked for eight years in support teams of Swiss banks, in particular in areas such as operations, project and change management as well as operational taxes.



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