Surgent's Report of Foreign Bank and Financial Accounts (FOR2)

Course Details

Date

Thursday, August 15, 2019

7:00am – 9:00am

Field of Study

Taxation

Course Number

SU0087

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Basic understanding of individual income tax rules

Description

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

Objectives

  • Complete FinCen Form 114
  • Advise clients with respect to foreign bank and financial asset required reporting

Designed For

Tax professionals advising clients with respect to foreign asset and foreign account reporting

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$89.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$119.00
Your Price $119.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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