Course Description:
Are you a U.S. citizen, green card holder, or U.S. tax resident who owns assets outside the U.S.? If so, do you know and understand the complicated filing requirements of reporting these assets to the U.S. authorities and the applicable civil and criminal penalties for failure to disclose these assets? Offshore compliance remains a top priority for the IRS. Filing the appropriate forms correctly by their due date can be complicated and overwhelming. And filing international tax forms incorrectly or not at all can subject you to large civil and sometimes criminal penalties. This webinar will outline the many different foreign asset reporting requirements and their related penalties for failure to comply. If you have not been filing the necessary forms disclosing these assets, we will discuss some of the amnesty programs the IRS has available to assist taxpayers to come clean reporting these assets for prior years and going forward.

Learning Objectives:

• Review FBAR obligations
• Discuss the U.S. reporting obligations in foreign entities
• Review the U.S. reporting obligations of being an owner or beneficiary of a foreign trust
• Outline Offshore Voluntary Disclosure requirements

Presenters:
Benjamin Peeler, JD, CPA, LL.M, Partner, Eide Bailly
Ben has more than 18 years of tax experience specializing in federal tax, controversy and procedure. He leads Eide Bailly’s IRS Controversy and Procedure practice, and works with clients in the areas of income tax, estate and gift tax, property tax, sales and use tax, estate planning and other various tax matters. Ben has represented the IRS before the United States Tax Court in large and specially designated tax cases, and in litigation before the federal district court as a special assistant to the United States Attorney. He has also worked as an attorney for the IRS Office of Chief Counsel. In addition, he has led and instructed groups of attorneys, revenue agents and revenue officers through various procedures.

Jared Johnson, EA, International Tax Senior Manager, Eide Bailly
Jared has more than 12 years of professional experience with expatriate and inpatriate taxation. He specializes in international taxation and tax equalization as it specifically relates to individuals. His experience includes both U.S. citizens (and green card holders) working abroad, and individuals from foreign countries working in the United States. Jared also has specialized knowledge in various voluntary disclosure programs available to U.S. taxpayer's with undisclosed accounts.

CPE Information
CPE Credits: 1
Field of Study: Tax
Level of Knowledge: Any Level
Delivery Method: Group-Internet Based

Additional Information: 
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 612.253.6628.