International Reporting Obligations: FBAR, 8938, 5471, and Beyond!
Total Credits: 1 including 1 Taxes - Technical
- Average Rating:
- 35
- Categories:
- Partner Produced | Tax
- Faculty:
- Fernando Juarez, Esq., LL.M., EA
- Course Levels:
- Update
- Duration:
- 1 Hour
- License:
Description
The U.S. taxation system requires the inclusion of income on a worldwide basis. This also entails that U.S. taxpayers report foreign assets such as bank and investment accounts, foreign trusts, mutual funds, foreign pensions, ownership in foreign companies, gifts, and in some cases ownership of rental real estate activity, etc.
Advisors must be aware of these reporting requirements to prevent the imposition of harsh penalties which generally start at $10,000 USD. This webinar provides a roadmap to any tax preparer that will assist in detecting assets to be reported and how to report them.
Basic Course Information
Learning Objectives- Identify the multiple foreign assets that could be subject to reporting obligations in the U.S.
- Determine specific reporting obligations for foreign assets
Major Subjects
- Taxes
- International Tax
- International tax compliance
Course Materials
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| International Reporting Obligations: FBAR, 8938, 5471, and Beyond Handout (1.3 MB) | Available after Purchase | ||
| International Reporting Obligations Q&A (15.8 KB) | Available after Purchase | ||
| International Reporting Obligations IRS Credit Request (265.4 KB) | Available after Purchase | ||
Faculty
Fernando Juarez, Esq., LL.M., EA Related Seminars and Products
Freeman Law
Fernando is a member of the International Tax Practice at Freeman Law. He advises on complex U.S. and international tax planning. His tax practice focuses on cross-border transactions. Beyond planning, his experience includes voluntary disclosures, FBARs and international compliance.
Fernando’s expertise in tax planning extends to Fortune 500 companies, family offices, medium & small businesses, and individuals with foreign holdings. His primary areas of expertise include inbound structures for international investors, and outbound tax planning for U.S. based companies.
Fernando received his law degree from the Escuela Libre de Derecho in Mexico City and holds a Master’s in Laws from Stanford Law School, where he served as the first Hispanic Chair of the Stanford Tax Club.
Speaking engagements include presentations at the NAEA, the Texas Association of Enrolled Agents (TXSEA), the Tax Executives Institute in Houston, the Start Up Week in San Antonio, the Hispanic Chamber of Commerce in San Antonio, the International Section of the Dallas Bar Association, the Organization for the Economic Cooperation and Development (OECD) in Paris, France, among others.
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
CPAs & tax preparers
Original Recording Date
05/2023
Yellow Book
No
Course Developer
MICPA
Date Added to Catalog
04/04/2023
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. 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.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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