On Friday, October 16, 2020, at 6:30 pm Eastern, the Financial Crimes Enforcement Network (“FinCEN”) released yet another announcement, this time extending the deadline for all Reports of Foreign Bank and Financial Accounts (FBARs) (FinCEN Form 114) for the 2019 calendar year to October 31,
Course Description This course will explore foreign asset reporting on Form 8938, which will focus on issues that can be traps for the unwary. This includes differences between foreign account reporting on Form 8938 versus the FBAR, asset valuation issues that impact certain classes of
Course Description This course will explore the basics of sentencing in federal criminal cases, emerging developments in sentencing in FBAR matters, practice tips for preparing for a sentencing hearing, and how accountants can help attorneys achieve better sentencing results in white collar cases. View or
Course Description This course will cover issues that arise for the tax-preparer when working with clients who don’t have adequate records. Schedule C pitfalls, the Earned Income Tax Credit (EITC), use of reconstructions and estimates, the Cohan rule, and the AICPA Statement on Standards with
Course Description This program will cover the basic requirements for reporting non-U.S. assets, and then discuss the penalties for failure to file these foreign information returns, the procedures for assessment and review, and taxpayer defenses. CLE: 1 credit hour in Areas of Professional Practice CPE:
Under 26 U.S.C. § 7216, it is a crime for a tax return preparer to knowingly or recklessly disclose any tax return information, or use that information other than in tax return preparation. There are also civil penalties under 26 U.S.C. § 6713 for wrongful
Thank you for attending the presentation, “How to Determine the Right Path Forward for Taxpayers with Foreign Asset Non-Compliance” by Michael Sardar For future reference please feel free to access the course materials on this web page to review or save. View or download course
The Bipartisan Budget Act of 2015, which President Obama signed into law on November, 2015, repealed the complex and much-criticized TEFRA partnership entity-level audit rules, including the electing large partnership rules. On December 18, 2015, Congress passed, and President Obama signed into law, the Protecting
Thank you for attending the presentation, “How to Determine the Right Path Forward for Taxpayers with Foreign Asset Non-Compliance” by Michael Sardar For future reference please feel free to access the course materials on this web page to review or save. View or download course