Foreign Bank Accounts and IRS Enforcement - The Shifting Landscape and What You Need to Know
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Foreign Bank Accounts and IRS Enforcement - The Shifting Landscape and What You Need to Know (MLC652J)
Help Your Clients Navigate the Dangerous Waters of the Offshore Disclosure Program.
Join this session by expert speaker Eric Green to understand the status of foreign bank enforcement efforts which is currently taken by the IRS and US Department of Justice. This session will help accountants with what they need to know when it comes to evaluating how they can help clients to navigate the dangerous waters of IRS. This educative session will also include a review of the offshore disclosure program and the streamlined compliance initiative.
Additionally, you will learn the pros and cons of taxpayers "quiet disclosing" and an overview of recent prosecutions including the Zwerner court decision on willfulness penalties. Attending this webinar will help you know the way in which both IRS offshore disclosure programs work, when clients have the option of choosing each alternative, as well as the mechanisms for IRS enforcement of penalty regime. You will also know in which way you can use both disclosure programs and what are the documents that IRS needs for each.
How streamlined initiatives and OVDI work
The documentations that are needed for each program
Which taxpayers need to use each programs
Understand the pros and cons of going through a quiet disclosure
Learn how IRS enforces the FBAR regime
Who Should Attend
Accountants and attorneys serving both individual and small, closely held businesses in tax planning or compliance.
*Single User Price. For multiple users please call 1-800-223-8720
Eric Green is a partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green's practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departme...