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

FBAR 2018 Update: Mastering FinCen Form 114, Deadlines, Extension, Penalty Resolution And Waiver Provisions

SKU:WC-1028831
Date / Time: Recorded
Format: Webinar
Order:Qty:
Description:

This webinar will provide counsel and tax advisers with the tools necessary to navigate the Report of Foreign Bank and Financial Accounts (FBAR) filing requirements, including the newly announced extension and first-time penalty waiver requests, and will offer detailed guidance on completing and filing an FBAR (FinCen Form 114).

The IRS announced more changes to the filing requirements for the FBAR, remitted on FinCen Form 114. The changes were meant to benefit taxpayers required to disclose foreign-based financial accounts balances.

The major reporting change takes effect in 2017 for the 2016 tax filing year, moving the deadline for filing the FBAR from June 30th back to April 15th to align the FBAR with the filing deadline for individual income tax returns. For most individual taxpayers, this will accelerate the filing process.

In addition to altering the filing deadlines, the new regulations provide U.S. and non-U.S. resident taxpayers with a mechanism for obtaining a six-month filing extension. Perhaps the most important of the changes is the first-time filer penalty relief for taxpayers who fail to timely file the FBAR or request an extension.

FBAR remains an often-complex reporting obligation, and the IRS will cross-reference FBAR information with other tax filings, as well as information disclosures from other sources such as foreign financial institutions. This makes failure to accurately report assets on the FBAR potentially very costly for U.S. taxpayers, even with the extension and penalty relief provisions of the new regulations.

Listen as our experienced panel provides a comprehensive guide to completing the FBAR forms, as well as a summary of relevant changes in disclosure requirements.

Outline

  • What triggers FBAR filing requirements
    • Entity ownership
    • $10,000 threshold
    • When are a company’s officers personally responsible?
  • Information that must be reported on FBAR
    • Ownership accounts, accounts with signature authority, combined report accounts
    • Form 8938 and associated IRS forms for foreign ownership/transactions
  • Electronic filing of FBAR
    • Restrictions of the electronic filing system
    • Restrictions on preparer activity
  • Update on enforcement and new developments
    • FBAR and Form 8938 penalties
    • Willfulness standard and the non-willful certification
    • Avenues and procedures
    • Audits and examination
    • Civil vs. criminal sanctions
Benefits

The panel will review these and other key issues:
  • When can corporate officers’ stake in foreign accounts trigger reporting responsibilities?
  • What is the latest in IRS and FinCEN enforcement activity?
  • What are the terms of the IRS voluntary disclosure program for companies required to file FBAR?
  • How do Form 8938 filing requirements intersect with FBAR?
How To Access Course And Materials

Handout materials and the phone number for live presentations are made available to you one day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CDs will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.

Continuing Education Credits Available

This program has been approved for 2.0 CPE hours through Strafford Publications. To obtain CPE credit, attendees must participate in the live event (recorded versions do not qualify for credit), 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 will mail a certificate of credit within approximately two weeks of receiving your completed Official Record of Attendance, provided all required conditions have been satisfied.

Strafford 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.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, 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

Economic Nexus Standards In State Taxation
Economic Nexus Standards In State Taxation

Managing Exemptions And Resale Certificates
Managing Exemptions And Resale Certificates

Opportunity Zones Under Tax Reform
Opportunity Zones Under Tax Reform

Audit Training
Audit Training

Fundamentals Of Internal Auditing
Fundamentals Of Internal Auditing

Fraud Auditing Boot Camp
Fraud Auditing Boot Camp

Chartered Tax Professional Certificate Program
Chartered Tax Professional Certificate Program

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

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

Certified Payroll Administrator
Certified Payroll Administrator

Compliance Tips For Gifts, Awards, &Other Fringe Benefits
Compliance Tips For Gifts, Awards, &Other Fringe Benefits

IRS Rules For Travel Pay
IRS Rules For Travel Pay

Project Management Workshop
Project Management Workshop

How To Use QuickBooks
How To Use QuickBooks

Peachtree Seminars
Peachtree Seminars

Google+CPATrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9941 | support@CPATrainingCenter.com
Copyright CPATrainingCenter.com 2018 | Web Site Development by OTAU
Facebook