This class will provide an overview of compliance obligations related to foreign assets; including but not limited to foreign bank accounts, foreign corporations, foreign gifts and estates, foreign partnerships, and more. This class will discuss when taxpayers have a duty to report these foreign assets, and the consequences for a taxpayer’s failure to timely report or disclose these foreign assets. Taxpayers may be selected for enforcement action by the IRS for their failure to report these foreign assets and we will discuss how to navigate those audits and enforcement actions.
Webinar Objectives
This course will discuss the requirements for reporting worldwide income from all sources including foreign accounts, foreign corporations and partnerships, paying taxes on the income from those accounts and entities, and paying penalties for noncompliance. Topics addressed include: FBAR reporting and penalties, types of foreign assets, comparison of Form 8938 and FBAR, passive foreign investment companies, Form 5471, the Offshore Voluntary Disclosure Initiative, receiving foreign gifts and Form 3520, and much more.
Webinar Highlights
Credit(s)
Date | Conferences | Duration | Price | |
---|---|---|---|---|
May 18, 2021 | Civil Tax Fraud – Navigating Audits When Fraud Is Involved | 60 Mins | $199.00 | |
Aug 11, 2021 | How to Effectively Manage IRS Audit and Appeals | 60 Mins | $199.00 | |
Oct 05, 2021 | IRS Representation, Audits and Penalty Abatement Updates | 240 Mins | $399.00 | |
Jan 11, 2022 | 2022 Internal Revenue Service Updates | 60 Mins | $199.00 | |
Apr 21, 2022 | IRS Collection Alternatives - Offers in Compromise and Payment Plans | 60 Mins | $199.00 | |
May 24, 2022 | 2022 IRS Audits and Appeals | 60 Mins | $199.00 | |
Jul 20, 2022 | IRS Foreign Tax Compliance | 60 Mins | $299.00 |