CPATrainingCenter.com offers CPA exams, accounting degree training, CPE, and professional development for accountants and CPAs
Course/Product Description
Title:

FATCA Final Regulations: Impact For 2014 Filings

SKU:WC-1014880
Date / Time: Recorded
Format: Webinar
Order:Qty:
Description:

FATCA Final Regulations: Impact For 2014 Filings

This webinar will discuss the final regulations that change, modify and clarify the 2011 rules on which tax preparers have relied when reporting interests in foreign financial assets to the IRS. These final regulations apply to 2014 tax filings and impact the information provided on Form 8938, Statement of Specified Foreign Assets, which individuals file with their Forms 1040 or 1040NR.

Description

Since 2011 tax professionals have suggested changes and sought clarifications to the rules governing reporting interests in foreign financial assets. In Dec. 2014, the IRS responded to many of these suggested changes and clarifications in its final regulations.

Changes and clarifications to the 2011 temporary regs impact dual resident taxpayers, nonvested interests in property, nonvested property under IRC §83 and assets held by disregarded entities, jointly-owned assets, the definition of retirement, pension and non-retirement savings for reporting purposes, the rule relating to financial assets issued by a person organized under U.S. law, assets with no positive value, and valuation rules related to foreign currency.

The new regulations also create filing exceptions for filers of Forms 5471 and 8865.

Listen as our panel discusses these changes and how they impact the filing of Form 8938 for 2014 and beyond. In addition, our panel will highlight areas in which the IRS chose not to make changes or provide clarifications and the rationale behind the IRS’ decisions.

Outline

  • Changes, modifications and clarifications related to reporting interests in foreign financial assets
  • Preparation of Form 8938, Statement of Specified Foreign Assets
  • Exceptions to filing Form 8938 and relationship among Forms 8938, 5471, 8865, 8833, FBAR, 1040 and 1040NR

Benefits

The panel will review these and other key issues:
  • The overlap of FATCA reporting and FBAR
  • Potential new regulations governing the treatment of virtual currency
  • Proposed regulations to apply reporting requirements to specified domestic entities

Learning Objectives

After completing this course, you will be able to apply the IRS final regulations for individual taxpayers who report interests in foreign financial assets to the IRS in preparing Form 8938, Statement of Specified Foreign Assets, which individuals file with their Forms 1040 or 1040NR. Additionally you will understand the exceptions to filing Form 8938 and the relationship among Forms 8938, 5471, 8865, 8833, FBAR, 1040 and 1040NR.

Faculty

Matthew D. Lee, Partner
Blank Rome, Philadelphia

Mr. Lee is a former U.S. Department of Justice trial attorney who concentrates his practice on all aspects of white collar criminal defense, federal tax controversies, financial institution regulatory compliance, and complex civil litigation. He has significant experience in conducting corporate internal investigations and advising banks and financial institutions as to compliance issues involving FATCA, the Bank Secrecy Act, the USA Patriot Act, anti-money laundering laws and regulations, and economic sanctions. He also represents financial institutions in enforcement proceedings brought by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

Jeffrey M. Rosenfeld, Atty
Blank Rome, Philadelphia

Mr. Rosenfeld concentrates his practice in the area of business tax law. He counsels public and private corporations, partnerships, and individuals in a broad array of tax matters including domestic and international tax matters, state and local tax planning, and issuances of equity-based compensation. He counsels corporate clients and individuals regarding undeclared foreign bank accounts, including “FBAR” reporting obligations, and has represented numerous clients in the Internal Revenue Service’s Offshore Voluntary Disclosure Program. He is a frequent contributor to Blank Rome’s Tax Controversy Watch blog (www.taxcontroversywatch.com) which focuses on addressing and providing a comprehensive review of the latest developments in the tax controversy field.


CPE Credits Available!

This program has been approved for 1.5 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.

To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person. Strafford then will mail a certificate of credit within approximately two weeks of receiving your completed Official Record of Attendance.


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:CPE
All US States: 2
About The Provider: Strafford Publications, 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.

Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.

Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone.
More Info: Contact Us For More Information
Order:Qty:
Share This: Share on Facebook


Share on Twitter


Share on Google+


Sales &Use Tax Workshop
Sales &Use Tax Workshop

Comprehensive Income Tax Course with Career Package
Comprehensive Income Tax Course with Career Package

Certified Tax Specialist  (CTS™)
Certified Tax Specialist (CTS™)

Peachtree Seminars
Peachtree Seminars

How To Use QuickBooks
How To Use QuickBooks

Rules And Requirements For Employee Expense Reimbursements
Rules And Requirements For Employee Expense Reimbursements

Fundamentals Of Internal Auditing
Fundamentals Of Internal Auditing

Internal Audit School
Internal Audit School

Auditing Applications Against SDLC And Coding Standards
Auditing Applications Against SDLC And Coding Standards

Auditing A Cybersecurity Program
Auditing A Cybersecurity Program

Audit Report Writing Boot Camp
Audit Report Writing Boot Camp

Advanced Auditing For In-Charge Auditors
Advanced Auditing For In-Charge Auditors

Series 6 - Live &OnDemand Online Course
Series 6 - Live &OnDemand Online Course

Required Minimum Distributions Training &Certification Program
Required Minimum Distributions Training &Certification Program

Project Management Workshop
Project Management Workshop

Certified Payroll Administrator
Certified Payroll Administrator

Google+CPATrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9941 | support@CPATrainingCenter.com
Copyright CPATrainingCenter.com 2017 | Web Site Development by OTAU
Facebook