Correcting Foreign Information Reporting Noncompliance: Voluntary Disclosure Programs
Navigating Penalty Abatement for Failure to File Forms 5471, 5472, FATCA, and FBAR
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide CPAs and tax advisers with a practical guide to navigating the amnesty programs available to rectify a client's failure to properly file required international information forms such as the FBAR, Form 8938, and Forms 5471 and 5472. The panel will focus on compliance professionals' and advisers' role in identifying potential foreign information reporting issues, correcting filing deficiencies, and navigating the disclosure process.
- Identifying foreign information noncompliance scenarios
- Streamlined disclosure program for non-willful delinquency
- SDOP for U.S. resident
- SFOP for non-U.S. resident
- Program for willful delinquency
- Delinquent international information return submission procedures
- Delinquent FBAR submission procedures
The panel will discuss these and other relevant topics:
- What foreign reporting forms are subject to foreign tax reporting penalties?
- What are the penalty structures for non-willful and willful failure when other violations are in place?
- What amnesty programs are available to rectify a client's past failures?
- What documentation and submissions must accompany a corrective filing?
Alex McGowin, CPA
International Tax Accountant
Expat Tax Professionals
Mr. McGowin is a trusted advisor to multinational individuals and businesses seeking to optimize their global tax... | Read More
Mr. McGowin is a trusted advisor to multinational individuals and businesses seeking to optimize their global tax position and stay in compliance.Close
Expat Tax Professionals
Mr. Mintz is a U.S. attorney specializing in U.S. international tax matters. He has extensive experience in providing... | Read More
Mr. Mintz is a U.S. attorney specializing in U.S. international tax matters. He has extensive experience in providing tax counsel to individuals and businesses with respect to U.S. inbound and outbound tax issues. In recent years, he has focused his work on tax issues affecting U.S. citizens living abroad, providing guidance under both U.S. domestic tax laws and international income tax treaties. Previously, he held a managerial position in the international tax practice of PwC.Close
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CPE credit is not available on downloads.