FATCA 6038D-2013 Planning & Tax Compliance Issues 2012 IRS Form 8938, FBAR & Voluntary Disclosure

    FATCA 6038D-2013 Planning & Tax Compliance Issues 2012 IRS Form 8938, FBAR & Voluntary Disclosure

    FATCA 6038D-2013 Planning & Tax Compliance Issues 2012 IRS Form 8938, FBAR & Voluntary Disclosure

    Be informed: NEW REGULATIONS expand 2012 and 2013 U.S. reporting on Form 8938. Form 8938, Statement of Specified Foreign Financial Assets, required to be filed with 2013 and 2012 income tax return -in addition to FBAR, Form TDF 90-22.1, Report of Foreign Bank and Financial Accounts Be advised: Individual and corporate reporting ...
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    Be informed: NEW REGULATIONS expand 2012 and 2013 U.S. reporting on Form 8938. Form 8938, Statement of Specified Foreign Financial Assets, required to be filed with 2013 and 2012 income tax return -in addition to FBAR, Form TDF 90-22.1, Report of Foreign Bank and Financial AccountsBe advised: Individual and corporate reporting responsibilities over Foreign financial accounts. Who is required to file? What, when & how to report?What are the valuation issues?Duplicate reporting? Which is required & when - Form 8938, FBAR or both?Be savvy: Impact on Foreign branch operations, subsidiaries & foreign pension and deferred compensation plans.Be aware:Failure to file penalty - $10,000 and up to an additional $50,000 for continuing failure to fileCriminal penalties - extended Statute of Limitations - tax year may remain open until three years after date Form 8938 is filed Be prepared: Interpret & apply these to your clients'' fact patterns. Learn what to advise your clients to protect them from Draconian penalties. Learn what you need to do today to prepare your clients for 2013 and 2012 U.S. compliance measures and prior non-compliance.

    Product Details

    Sponsors

    Section of International Law

    Product Code

    5210251MPL

    Publication Date

    2/1/2013 12:00:00 AM

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