Foreign Account Reporting Requirements: FINCEN 114(FBAR) and Form 8938

Course Details

Date

Tuesday, March 13, 2018

8:00am – 10:00am (Registration: 1:04am)

Location

Online

Field of Study

Taxation

CPE Credit

2 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

None

Description

This session will provide a detailed analysis of the requirements for reporting various foreign accounts, including the Report of Foreign Bank and Financial Accounts (FBAR, FinCEN 114) and the "safe harbor" requirements (Streamlined Filing Compliance Procedures) that result in substantially reduced penalties for late filing of the FBAR. Form 8938, Statement of Specified Foreign Financial Assets, and Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, will also be discussed.

This course qualifies for PTIN credit.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Highlights

  • Reporting requirements for the "FBAR" (FinCEN 114).
  • Review of Form 8938 and Form 3520.
  • Comparison of the filing requirements for the FINCEN 114 and the Form 8938.
  • Compliance requirements with the streamlined filing procedures.
  • Which taxpayers are candidates for reporting on these forms.
  • Provide a balanced view of what the issues and pitfalls are in determining who has to report and on which form(s).

Objectives

To provide a working knowledge of the foreign account reporting requirements.

Designed For

CPAs working in public accounting and members working in industry.

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee

Applicable if you are a WYOCPA member in good standing.

$79.00
Non-Member Fee

Applicable if you are not a WYOCPA member.

$79.00
Your Price $79.00

View All Professional Development Courses