Foreign Account Reporting FBAR Vs. Form 8938

Date: February 16, 2022
Time: 01:00 PM ET
Duration: 120 Minutes
Speaker: Monica Haven
CPE Credits : 2 (Taxes)

$0.00

Description

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.

 

Who should attend?

  • CPA’s
  • Tax Attorneys
  • Accountants
  • Tax Compliance Managers
  • Other Tax Professionals

 

NASBA CPE Credits: 2

Level: Beginner

Program Prerequisites: None

Advance Preparation: None

 

This program has been approved for 2 CPE credits under NASBA.

Speaker

Monica Haven 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 on college campuses and at community organizations.  She loves to teach and welcomes every opportunity to share her experience and expertise in the classroom, even as she maintains her Southern California tax practice which serves clients throughout the world.  Monica’s students have said she’s a “fantastic speaker” who can take “hard subjects and put them into concepts that are easy to understand.”  She is “clear, articulate and expressive” and “has energy down to the last minute of the last class of the last day.”

Certification

This program has been approved for 2 CPE credits under NASBA.