Webcast: Report of Foreign Bank and Financial Accounts (XSFOR2319)
Tell a Friend About This EventTell a Friend
 

If a client has a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account exceeding certain thresholds, the Bank Secrecy Act may require that taxpayer to report the account yearly to the Department of Treasury. This is done by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).

9/12/2019
When: September 12, 2019
12:00 PM until 2:00 PM
Where: Webcast
Surgent
FOR2-2019-01-WEBNR-255-01
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


Online registration is closed.
« Go to Upcoming Event List  

Acronym XSFOR2319
CPE 2 hours
Vendor Surgent
Category
Tax
Level Intermediate
Yellow Book? No
CFP Credit? No
Registration Fees
Members* $89
CPA Non-Members $114

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

If a client has a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account exceeding certain thresholds, the Bank Secrecy Act may require that taxpayer to report the account yearly to the Department of Treasury. This is done by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).

Objectives

  • Complete FinCen Form 114
  • Advise clients with respect to foreign bank and financial asset required reporting

Major Topics

  • New filing date for FinCen Form 114
  • Individuals required to file FinCen Form 114
  • Reporting thresholds for FinCen Form 114
  • Penalties for failure to file a required FinCen Form 114
  • Offshore Voluntary Disclosure Program
  • Delinquent FBAR Submission Procedures
  • Other foreign activity reporting, including foreign trusts, partnerships interests, and investments in foreign corporations

Designed For

Tax professionals advising clients with respect to foreign asset and foreign account reporting

Requisite Knowledge:

Basic understanding of individual income tax rules

Note: Login instructions will be provided by the webcast vendor (Surgent).