Offshore Asset Disclosure: Practical Tips and Traps for the Unwary

When:  May 5, 2016 from 12:30 PM to 03:30 PM (ET)

U.S. taxpayers with offshore income and assets have come under close scrutiny by the IRS. Despite budget constraints and limited resources, the IRS has taken an aggressive position with respect to offshore enforcement. With numerous filing requirements (FBAR, FATCA, etc.) and steep penalties for non-compliance, U.S. taxpayers (including individuals, businesses and trusts) need to be aware of the requirements, the consequences of non-compliance and the available programs for resolving past delinquencies.

This program will provide an overview of the current offshore income and asset disclosure reporting requirements, and a discussion of late filing and voluntary disclosure procedures. It will also offer a summary of practice pointers for identifying and resolving issues; achieving and maintaining full compliance with the applicable requirements; and avoiding pitfalls before, during and after the resolution process.

This program is designed for professionals who represent individual and business taxpayers that have offshore income or assets.

Location

20 West St
Boston, MA 02111