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
Adam is a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both federal and state, particularly involving civil and criminal tax fraud, including tax evasion, money laundering and offshore tax compliance. Adam's knowledge of tax law is informed by his former role as a Special Assistant U.S. Attorney with the Department of Treasury's IRS.
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Nov 19, 2024 | IRS Updates – What to expect from a fully funded IRS in 2025 | 60 Mins | $199.00 | |
Nov 19, 2024 | 2025 IRS Changes and Non-Filer Guidance for 2024 | 120 Mins | $299.00 | |
Oct 16, 2024 | 2024 IRS Non-Filer Representation – What To Do If Your Client Has Not Filed Tax Returns | 60 Mins | $199.00 | |
May 30, 2024 | 2024 IRS Audits and Appeals Background and Strategy | 60 Mins | $199.00 | |
Jan 17, 2024 | IRS Collection Alternatives – Payment Plans, Offers In Compromise, and more | 60 Mins | $199.00 | |
Jan 09, 2024 | IRS Updates Boot Camp – 3 Sessions, Now 50% Off! | 180 Mins | $399.00 | |
Nov 01, 2023 | IRS Representation Updates 2024 - A Beginning of "NEW IRS" | 60 Mins | $199.00 |