FBAR and Preparing for Filings Under New Deadlines
Navigating FBAR Demands and Latest Guidance on 2011 Form, FATCA Return and Compliance Initiative
Recording of a 110-minute CPE webinar with Q&A
This teleconference will prepare advisors and taxpayers to file the Foreign Bank and Financial Accounts Report (FBAR) and 6038D return, to evaluate the IRS 2011 Offshore Voluntary Disclosure Program, and to take advantage of filing extensions.
- Latest developments involving FBAR and related filings
- IRS Notice 2011-55 and postponement of FATCA filing deadline
- IRS good-faith extensions on OVDI participation decision
- FinCEN Notice 2011-1 and extension of 2010 tax year FBAR filing for certain persons with signature authority only
- IRS Notice 2011-54 and extension of 2009 tax year FBAR filing and for certain persons with signature authority only
- FinCEN Notice 2011-2 and extension of 2010 tax year FBAR filing for broker-dealer representatives
- Review of key aspects of the updated Form TD F 90.22-1 (FBAR)
- Review of material terms of the finalized FBAR regs from Treasury FinCEN
- Review of the offshore voluntary disclosure initiative
- Possible direction of IRS enforcement following non-compliance with FBAR and FATCA
The panel will review these and other key questions:
- Filing extensions: Who does and doesn't qualify?
- The OVDI: How to obtain a good faith extension for entering the program, and whether its terms are sufficiently appealing.
- FBAR and FATCA requirements: Review of key terms of finalized rules.
- IRS enforcement: What is likely to happen as the IRS discovers non-compliance under an aggressive audit program?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
The Ruchelman Law Firm
He works on tax planning engagements for privately held businesses, with an emphasis on inter-company transactions; and... | Read More
He works on tax planning engagements for privately held businesses, with an emphasis on inter-company transactions; and with foreign private clients on structuring U.S. investments. Before starting the firm, he was an international tax partner with an accounting firm and worked as a senior attorney in the IRS Office of Chief Counsel.Close
Hochman Salkin Rettig Toscher & Perez
He has a broad-based tax practice covering federal and state income taxes and estate, employment, excise, sales and... | Read More
He has a broad-based tax practice covering federal and state income taxes and estate, employment, excise, sales and property tax matters. He previously headed the West Coast tax litigation practice for another firm and also worked as a trial attorney in the U.S. Justice Department's Tax Division.Close
Matthew D. Lee
He has extensive client advisory experience on FBAR, undeclared foreign bank accounts and the IRS voluntary disclosure... | Read More
He has extensive client advisory experience on FBAR, undeclared foreign bank accounts and the IRS voluntary disclosure program. He is a former Justice Department trial attorney who currently works in white-collar criminal defense and complex civil litigation.Close