Do we really have to file both the FBAR and Form 8938?!  This session distinguishes between foreign accounts and foreign assets, reviews reporting thresholds, outlines the harsh consequences for non-compliance and provides a comparison of relief programs.  Learn what to do to ensure that your clients satisfy their reporting obligations and what to do if they don’t.

Learning Objectives
Upon completion of this course, you will be able to:

• Identify when a taxpayer has a foreign reporting obligation.


• Recognize the overlap of reporting mandates stemming from regulations enacted decades apart.


• Compile the information necessary to properly report foreign accounts and assets.


• Implement best practices to help clients avoid penalties and potential criminal prosecution.


• Understand the options available to those who have been non-compliant.

Testimonials:

Here’s what I look for in an instructor: A person engaged in the topic and in the students so that the course becomes a dynamic learning experience since one doesn't want to end up with eyes-crossed and a migraine. Indeed, I felt energized after Monica’s class.  I felt as though I now have knowledge that will make me better in my practice.  This is my third class with this awesome instructor this year.  Monica has a depth of knowledge and experience that clearly shows in her materials and in her well-paced presentations.  And as a bonus, Monica always refers attendees to her website for supplemental information that she is available at no charge. Just click and read. [Bonnie H.]

I have no doubt that Ms. Haven would be an asset to any class for her creative and succinct analytical skills, an asset to any institution for her principles and loyalty, and most importantly an asset to her profession for her literacy, honesty, ethics, and dedication. [Ron R.]

Since I do not generally deal with estate tax matters, I was going to listen to the webinar only because I know Monica. But the topic became of interest because of how she presented it. She was succinct, thorough, and simply excellent. Man, did I learn something! And I enjoyed every bit of it. Monica filled a void in my areas of expertise and did a great job. [LG B.]