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Navigating Foreign Waters: The Complex Requirements of Foreign Accounts Compliance

20 June, 2011

Tomorrow night our firm will be presenting a three hour seminar to tax professionals on foreign account disclosure, FBARs, and OVDI at the Academy of Continuing Professional Education (ACPE):

June 21, 2011 – 7:00 p.m. to 10:00 p.m.
Navigating Foreign Waters: The Complex Requirements of Foreign Accounts Compliance
Parag P. Patel, Esq.

With the IRS aggressively targeting taxpayers with unreported offshore accounts, you must know benefits and pitfalls of offshore accounts. We will review the rules of foreign account disclosure, FBARS: who needs to file, which accounts must be
reported, and the potential liability of the taxpayer and tax preparer. We will identify best practices for compliance and discuss the benefits and pitfalls of the IRS 2011 Offshore Voluntary Disclosure Program for noncompliant taxpayers.  Qualifies as 3 taxation credits.

The Academy of Continuing Professional Education (ACPE) has proudly offered continuing education courses for accountants over the past 22 years. During this time, we have been able to recruit the best speakers for the topics that practicing
accountants want – and need – to hear about.  The audience for each seminar is typically between 40 to 80 accountants.  Most of the audience members have been attending our seminars for multiple years. If you have not attended one of our seminars, come see for yourself why we have such a strong following. This year we are again offering a broad range of topics led by our best speakers. All courses will be held at the Renaissance Woodbridge Hotel, formerly known as the Sheraton at Woodbridge Place Hotel, Iselin, New Jersey.

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Category: Planning for Tax Minimization

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  • About Patel Law Offices
  • Delinquent FinCen Form 114 (FBAR) Filings
  • Delinquent or unfiled IRS Form 5471

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