Mobile Edition


Report of Foreign Bank and Financial Accounts (FOR2) (SUFOR204)

 
Date:Thursday, September 12, 2019
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: Michael J. Tucker
Vendor:Surgent McCoy
Course Level:Intermediate
Early Bird Price:$89.00 FICPA Members, $119.00 Non-Members

Description:
If a client has a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account exceeding certain thresholds, the Bank Secrecy Act may require that taxpayer to report the account yearly to the Department of Treasury. This is done by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).

Objectives:
  • Complete FinCen Form 114
  • Advise clients with respect to foreign bank and financial asset required reporting


Major Topics:
  • New filing date for FinCen Form 114
  • Individuals required to file FinCen Form 114
  • Reporting thresholds for FinCen Form 114
  • Penalties for failure to file a required FinCen Form 114
  • Offshore Voluntary Disclosure Program
  • Delinquent FBAR Submission Procedures
  • Other foreign activity reporting, including foreign trusts, partnerships interests, and investments in foreign corporations


Who Should Attend:
Tax professionals advising clients with respect to foreign asset and foreign account reporting

Prerequisite:
Basic understanding of individual income tax rules

Advanced Preparation:
None

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.