Understanding Foreign Account Reporting Obligations
Live Webinar
Special Price $23.50 Regular Price $47.00

Course Summary

Do we really have to file both the FBAR and Form 8938?!  This session distinguishes between foreign accounts and foreign assets, reviews reporting thresholds, outlines the harsh consequences for non-compliance, and provides a comparison of relief programs including OVDP and the Streamlined Disclosure Program.  Learn what to do to ensure that your clients satisfy their foreign reporting obligations and what to do if they don’t.

Learning Objectives

Upon completion of this course, you will be able to:

  • Identify when a taxpayer has a foreign reporting obligation.
  • Recognize the overlap of reporting mandates stemming from regulations enacted decades apart.
  • Compile the information necessary to properly report foreign accounts and assets.
  • Implement best practices to help clients avoid penalties and potential criminal prosecution.
  • Understand the options available to those who have been non-compliant.
This course is presented by Monica Haven. Monica is an enrolled agent with J.D. and LL.M. degrees in law and taxation. She is a nationally recognized speaker and a sought-after guest lecturer at many college campuses and professional organizations. With three decades of experience and a tax practice which serves clients throughout the world Monica loves to share her knowledge and insights.