Form 926 Reporting Transfers to Foreign Corporations: Avoiding Harsh Penalties
Ensuring Consistency Between FATCA, FBAR, Form 5471 and Other Foreign Asset Forms
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide tax advisers and compliance professionals with a comprehensive guide to reporting contributions to foreign corporations. The panel will identify the types of transactions that trigger Form 926 reporting obligations, discuss filing thresholds and information required to be reported on Form 926. The webinar will also cover the relationship and cross-referencing between Form 926 and other required foreign information filings, and detail the penalty regime for failure to report contributions on Form 926.
- Transactions requiring Form 926 reporting
- What must be reported on Form 926
- Special issues related to partnerships and hedge funds
- Penalties for noncompliance
The panel will discuss these and other important issues:
- What are the thresholds for Form 926 reporting?
- What are the Form 926 reporting requirements when a partnership transfers property to a foreign corporation?
- What are the challenges of completing Part III, Information Regarding Transfer of Property, and how does Part III intersect with Form 5471 and TD F 90-22.1?
- What are the calculations required to complete Part IV, Additional Information Regarding Transfer of Property?
Alison N. Dougherty, J.D., LL.M.
Ms. Dougherty has extensive experience assisting clients with U.S. tax reporting and compliance for offshore assets and... | Read More
Ms. Dougherty has extensive experience assisting clients with U.S. tax reporting and compliance for offshore assets and foreign accounts. She specializes in international tax compliance, planning and structuring as a subject matter leader of her firm's international tax practice. Her responsibilities include U.S. Federal and multi-state tax compliance for C corporations, S corporations, partnerships and individuals. She also provides transactional tax planning and structuring services.Close
Mark C. Peltz
Mr. Peltz specializes in tax planning and research for corporate and high net worth individuals, foreign tax... | Read More
Mr. Peltz specializes in tax planning and research for corporate and high net worth individuals, foreign tax planning and representation before the Internal Revenue Service, the state and city of New York and other foreign, state and local governments. He has negotiated foreign concession agreements including the foreign tax credit implications, cross border financing, and bilateral transfer pricing agreements between the United States and the United Kingdom. He litigated and settled one of the largest territorial tax issues in Hong Kong. He has been quoted in the Financial Times, New York Times and appeared on Eyewitness News, Good Morning New York and NY1 discussing Ponzi schemes, tax implications for high net worth taxpayers and various international tax issues.Close
Farkouh Furman & Faccio
Mr. Norton's areas of expertise include business and investment partnerships, cross-border tax matters, high... | Read More
Mr. Norton's areas of expertise include business and investment partnerships, cross-border tax matters, high net worth individuals, and family offices. His experience also allows him to advise clients in income tax matters related to trusts, estates and grantors, and taxable gifts, as well as estate planning. Prior to joining the firm, he spent 7 years as an attorney at Withers Bergman LLP, a tax-oriented law firm, and 8 years in the Tax practice with Deloitte.Close
Eric Swerdlow, CPA
Farkouh Furman & Faccio
Mr. Swerdlow is experienced in tax planning, research, and the supervision & review of staff work in a wide array... | Read More
Mr. Swerdlow is experienced in tax planning, research, and the supervision & review of staff work in a wide array of areas, including corporate income taxes, SALT, inbound and outbound international tax planning, reporting and compliance, provisions for income tax (ASC 740), high net worth individuals and partnerships with basis adjustments and special allocations.Close