Report of Foreign Bank and Financial Accounts Webinar

Aug 17
1:00 - 3:00 p.m.

Online

2-Tax
CPE Credits

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).
Highlights

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

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. FOR2-2020-01-WEBNR-230-01 Level: Intermediate

Prerequisites: Basic understanding of individual income tax rules

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.