FBAR and U.S. Tax Reporting and Compliance Requirements for Foreign Assets | | | | | | | September | | 29 | 1 pm - 2:15 pm ET | | Presenter: Asher Rubinstein, CPA, Principal at Rubinstein & Rubinstein, LLP | | Credits: CPE (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time for 6 months, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | Since the Foreign Account Tax Compliance Act (FATCA) was passed in 2010, most countries around the world will report foreign accounts to the IRS. American taxpayers who do not report foreign assets and income to the IRS (whether innocently or willfully) can be investigated and charged with significant penalties. In this webinar, you'll learn about foreign reporting requirements and how to comply with the law and avoid penalties. Upon completion of this course, you will be able to: - Identify what foreign assets must be reported to the IRS and what forms must be filed
- Determine whether a client is non-compliant under the following circumstances:
- If a client did not report foreign assets and income to the IRS
- If a client just closes his or her foreign bank account
- If the client innocently did not know about the foreign reporting requirements
- Is the client inherited foreign assets from a relative who is not American
- If the client lives and works in a foreign country
- Explain how the IRS could learn about foreign assets if the client doesn't report them
- Describe whether a client who paid tax to a foreign government still has to report the assets to the IRS
- Determine whether foreign real estate has to be reported to the IRS
- Recognize how to respond when a client receives a letter from their foreign bank
- Avoid penalties for not reporting offshore assets
| | | | | | | Asher Rubinstein is a principal at Rubinstein & Rubinstein, LLP, where since 1999 he has been practicing in the areas of international tax planning, tax controversy, offshore compliance, foreign banking, estate and asset protection planning. Mr. Rubinstein has handled hundreds of offshore asset matters and is frequently quoted in international media on issues related to foreign banking, offshore tax compliance and asset protection. Mr. Rubinstein is a graduate of the Benjamin Cardozo School of Law. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 750 on-demand courses | | | | | | |
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