NSA ConnectED Webinar - Preparing for the Next Round of Offshore Tax Enforcement

When:  Jun 4, 2015 from 02:00 PM to 04:00 PM (ET)

Preparing for the Next Round of Offshore Tax Enforcement: What Practitioners and Their Clients Need to Know Now

June 4, 2015 at 2:00 PM EDT, 1:00 PM CDT, 12:00 PM MDT, 11:00 AM PDT

Since 2008, the Internal Revenue Service and the Justice Department have waged an unprecedented enforcement campaign to crack down on offshore tax evasion by U.S. taxpayers.  The U.S. government has aggressively enforced current laws requiring reporting of offshore income and disclosure of non-U.S. bank accounts and investment activity.  With the passage of the Foreign Account Tax Compliance Act (FATCA), the IRS has new tools to uncover offshore bank accounts and investment activity.  Practitioners must be aware of the income and information reporting requirements in this area so as to properly advise their clients and prepare for a coming wave of additional enforcement activity by the IRS and DOJ in the civil and criminal areas.  Attendees will learn the following: 

  • Income tax reporting obligations for offshore income and deductions;

  • Foreign tax credits;

  • Foreign bank account reporting (FBAR) obligations;

  • FATCA foreign asset reporting obligation (Form 8938)

  • Other foreign information return obligations (Forms 3520, 3520-A, 5471, 8621, 8865)

  • Criminal and/or civil penalties for non-compliance

  • The latest trends in IRS and DOJ enforcement

NASBA CPE: 2 Hours/Taxes
IRS CE: 2 Hours/Federal Tax Law

Presented by Matthew Lee, Esq.

NSA ConnectED Webinar Series
Learning Objective:

Program Level: Basic
Prerequisites: None
Advance Preparation: None 

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

 The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. 

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California.  A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com. 

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