Foreign Account Reporting Requirements: FINCEN 114(FBAR) and Form 8938

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Instructor
Steven C. Dilley, CPA, JD, PhD
Field of Study
Tax
Course Level
Intermediate
Vendor
CPA Crossings LLC

Instructor

Steven C. Dilley, CPA, JD, PhD

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$79.00
Non-Member
$79.00
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Monday, Jan 8, 2018
10:00am – 12:00pm

This session will provide a detailed analysis of the requirements for reporting various foreign accounts, including the Report of Foreign Bank and Financial Accounts (FBAR, FinCEN 114) and the "safe harbor" requirements (Streamlined Filing Compliance Procedures) that result in substantially reduced penalties for late filing of the FBAR. Form 8938, Statement of Specified Foreign Financial Assets, and Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, will also be discussed. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
This session will provide a detailed analysis of the requirements for reporting various foreign accounts, including the Report of Foreign Bank and Financial Accounts (FBAR, FinCEN 114) and the "safe harbor" requirements (Streamlined Filing Compliance Procedures) that result in substantially reduced penalties for late filing of the FBAR. Form 8938, Statement of Specified Foreign Financial Assets, and Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, will also be discussed. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Designed For

CPAs working in public accounting and members working in industry.

Course Objectives

To provide a working knowledge of the foreign account reporting requirements.

Major Subjects

  • Reporting requirements for the "FBAR" (FinCEN 114).
  • Review of Form 8938 and Form 3520.
  • Comparison of the filing requirements for the FINCEN 114 and the Form 8938.
  • Compliance requirements with the streamlined filing procedures.
  • Which taxpayers are candidates for reporting on these forms.
  • Provide a balanced view of what the issues and pitfalls are in determining who has to report and on which form(s).

Prerequisites

None

The start date for this course has passed. Registration is no longer available.