Parag Patel Esq. speaks at New Jersey Society of Certified Public Accountants (NJCPA) Annual Tax Seminar: “A New Foreign Frontier: Foreign Income & Asset Reporting Update”.

Parag Patel Esq. will be a featured speaker at a New Jersey Society of Certified Public Accountants (NJCPA) Seminar entitled “ A New Foreign Frontier: Foreign Income & Asset Reporting Update ” on November 18, 2022.

Seminar Summary: The IRS is aggressively targeting taxpayers with unreported foreign accounts and income. Tax professionals must identify the pitfalls of the new world of global financial transparency and learn the requirements of foreign asset reporting. Learn best practices for compliance with foreign asset disclosure: who needs to file and assets that must be reported, and the potential liability of the taxpayer and tax preparer. We will discuss solutions for non-compliant taxpayers. Experienced tax attorney Parag Patel has handled hundreds of foreign asset disclosures for clients.

The New Jersey Society of Certified Public Accountants (NJCPA) is the largest professional organization serving the needs of Garden State CPAs and aspiring CPAs. With a membership of more than 14,000, the NJCPA represents the majority of New Jersey CPAs in public practice, business & industry, government and education. We support our members through a variety of education, networking, leadership and volunteer initiatives. The NJCPA offers more than many continuing education programs annually to help members increase their value to their clients, companies or organizations and to help CPAs meet their education requirements. Eleven chapters and numerous committees and interest groups made up of hundreds of CPA volunteers develop programs and address issues to help all members be successful professionals.

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