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 on reporting these assets for prior years and going forward.

Learning Objectives:

• Review of 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:
Ben Peeler, JD, CPA, LL.M, Partner-in-Charge of IRS Tax Controversy | Eide Bailly
Ben has more than 20 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. He assists clients in complicated IRS exams, collection issues, international tax penalty issues and procedural issues including PLRs, TAMs and carious other compliance issues. Ben has represented clients and the IRS before the United States Tax Court (as a former IRS Special Trial Attorney). With the IRS he handled large and specially designated tax cases in Tax Court and in litigation before the federal district court as a special assistant to the United States Attorney and an attorney for the IRS Office of Chief Counsel. He currently advises and provides webinars on complicated tax matters and current IRS campaign exams such as captive insurance and conservation easements. Additionally, he was an instructor for groups of IRS attorneys, revenue agents and revenue officers through various procedures.

Jared Johnson, EA, Director of Global Mobility Services | Eide Bailly
Jared is an international tax specialist who focuses on helping company clients manage the various domestic and international tax issues that come with moving employees across international borders to work. Jared also assists individual clients with cross-border issues related to tax/estate planning and compliance services. He has experience working for the Big Four and is a recognized leader in this field.

CPE Information
CPE Credit: 1
Field of Study: Taxes
Level of Knowledge: Overview
Delivery Method: Group-Internet Based

Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.