International Tax Compliance: Navigating Implications of Cross-Border Activities

Tax Reform Implications, Latest LB&I Initiatives, Reporting and Filing Requirements, Guidelines on IRS Issue-Based Examinations and Audits

A live 90-minute CLE/CPE webinar with interactive Q&A


Thursday, March 1, 2018 (in 8 days)

1:00pm-2:30pm EST, 10:00am-11:30am PST

or call 1-800-926-7926

This webinar will provide tax counsel and advisers with a practical discussion of the IRS Large Business and International (LB&I) division’s identification and selection of additional compliance campaigns to further efforts toward issue-based examinations of foreign activities of individuals and companies. The panel will review complex international tax issues associated with cross-border activities and the implications of tax reform and provide guidance on avoiding the assessment of penalties, additional tax liability and potential audits in light of LB&I initiatives.

Description

The IRS continues to aggressively assess penalties for failure to comply with reporting requirements of individuals and companies engaged in cross-border activities. On Nov. 3, 2017, the IRS announced additional compliance campaigns to be conducted by LB&I that appear focused on international tax issues, resulting in increased scrutiny of taxpayer reporting of foreign assets.

In light of tax reform, possessing an in-depth understanding of international tax rules and regulations will assist counsel and tax advisers in helping taxpayers maintain compliance and avoid IRS examination. A taxpayer’s failure to properly adhere to reporting and filing requirements associated with cross-border activities and foreign assets can result in serious civil and/or criminal penalties.

Listen as our panel provides guidance on the most complex aspects of international tax compliance and the impact of tax reform, including FBAR and FATCA filing and reporting requirements, planning methods for cross-border activities, guidance on IRS issue-based examinations, and effectively handling audits.

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Outline

  1. Overview of the latest IRS LB&I divisions compliance campaign affecting cross-border activities
  2. Tax reform impact on cross-border activities
  3. IRS protocol for issue-based examinations and guidelines for counsel
  4. Reporting standards and methods to avoid penalties, additional tax liability and ensure compliance
  5. Strategies for handling FBAR audits, opt-outs, appeals and litigation

Benefits

The panel will review these and other key concepts:

  • Reporting requirements and methods for offshore compliance
  • An overview of the implications of tax reform on cross-border activities
  • An examination of the latest LB&I compliance campaigns and impact on cross-border activities
  • Tactics in handling IRS issue-based examinations
  • Appealing penalty assessments, handling audits and litigation tactics

Faculty

Dougherty, Alison
Alison N. Dougherty, J.D., LL.M.

Director
Aronson

Ms. Dougherty has extensive experience assisting clients with U.S. tax reporting and compliance for offshore assets and...  |  Read More

Norman, William
William K. Norman, J.D., LL.M. (Taxation)

Partner
Ord & Norman

Mr. Norman practices as a tax lawyer. He limits his practice to international tax planning and compliance for high net...  |  Read More

Ellison, Antoinette
Antoinette L. Ellison

Counsel
Jones Day

Ms. Ellison focuses her practice on the resolution of federal and state tax controversy matters. She has extensive...  |  Read More

Wang, James
James S. Wang

Jones Day

Mr. Wang assists in advising corporations on the tax aspects of complex transactions, including international and...  |  Read More

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