Course Description: Are you a US Citizen, Green Card Holder, or U.S. Tax Resident who owns assets outside the U.S.? If so do you know and understand the complicated filing requirements of reporting these assets to the U.S. authorities and the applicable civil and criminal penalties for failure to disclose these assets? Offshore compliance remains a top priority for the IRS. Filing the appropriate forms correctly by their due date can be complicated and overwhelming. And filing international tax forms incorrectly or not at all can subject you to large civil and sometimes criminal penalties. This webinar will outline the many different foreign asset reporting requirements and their related penalties for failure to comply. If you have not been filing the necessary forms disclosing these assets, we will discuss some of the amnesty programs the IRS has available to assist taxpayers to come clean reporting these assets for prior years and going forward.
Learning Objectives: Review FBAR obligations, Discuss the US reporting obligations in foreign entities, Review the US reporting obligations of being an owner or beneficiary of a foreign trust, Outline Offshore Voluntary Disclosure requirements
Presenters: Benjamin Peeler, JD, CPA, LL.M, Partner & Jared Johnson, EA, International Tax Senior Manager
CPE Information: CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Intermediate
Delivery Method: Group-Internet Based
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required.
For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.
To ensure proper delivery of our webinar communications please whitelist the domain eidebailly.com and the sender EideBaillyCorpLearning@eidebailly.com