This course breaks the FBAR down into its individual components and covers each in exquisite detail.
Learning Objectives:
Learn the purpose of the FBAR regulations Determine who must file the FBAR Determine the FBAR filing requirements Determine who is exempt from the FBAR filing requirements Understand the civil and criminal penalties that may be applicable for not complying with the FBAR filing requirements Major Subjects
• Module I: Deconstructing the FBAR rule (Part I)
• Module II: Deconstructing the FBAR rule (Part II)
• Module III: Most Commonly Asked Questions About the FBAR
• Module IV: IRS Procedures for Ensuring Consistency and Effectiveness in Administering Civil FBAR Penalties
• Module V: The Elusiveness of Willfulness
• Module VI: Beyond the FBAR – Everything You Never Wanted to Know About All of the Other International Reporting Forms but Must
• Module VII: Challenging the IRS’s Assertion of the Non-willful FBAR Penalty: A New Hope
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