International Tax- Foreign Bank Accounts, Foreign Trusts, Corporations, Partnerships- What You Need to Know, Columbia, MD

EVENT DESCRIPTION

This seminar will include in-depth discussions of the following areas of International Tax- Foreign Bank Accounts, Foreign Trusts, Corporations, Partnerships :

· International Informational Reporting Requirements Overview
· Consequences of failure to file informational reports: (Informational Reporting Penalties; Statute of Limitations)
· In-depth review of compliance programs and procedures, such as OVDP and Streamlined.
· Post-Disclosure IRS collection considerations
· State tax implications of offshore disclosures (Brief Coverage)
· IRS offshore examination: Strategic considerations
· Privilege Issues and Kovel Accountants
· Case Studies for Disclosure Methods and Examinations
· Reasonable Cause statements and standards (for delinquent submissions and Audit)
· US Tax issues for Non-US Persons, Foreign Trusts and Non-Citizen Spouses (Brief Coverage)