Overview and Learning Points
This FATCA training provides a general overview of the latest changes that have been made to FATCA and FBAR rules. Content is geared towards accounting and legal professionals, so you can answer questions such as:
- Who is required to file form 8938, Statement of Specified Foreign Financial Assets?
- What assets must be disclosed and what are the penalties for noncompliance?
- What is an FBAR form, how does it differ from an 8938 form, and what are the penalties for not filing one?
In addition, this topic covers important background information on FATCA reporting obligations for foreign banks, the current status of intergovernmental agreements, and their implications for American taxpayers with foreign accounts.
After completing our FATCA training online, accounting professionals can gain the background they need to advise clients with foreign holdings or U.S. taxpayers living and working abroad. Upon completion, you may receive a full or partial continuing education credit with your state’s bar association or public accountancy board. Please check the Credits tab for a state-by-state list of eligible programs.
Why Lorman?
At Lorman Education Services, we recognize the value of accessible professional development for today’s accountants and lawyers. With federal and state regulations changing constantly, you need up-to-date training options that you can access on your own time. For 28 years, we have been providing innovative distance and e-learning modules that connect professionals with the information they need to grow their careers and serve their clients better.
Our online FATCA training course is just one of the options available from Lorman Education Services. All of our courses are taught by recognized experts in their field. We also offer several content delivery options, including archived webinars, live streamed classes and MP3 downloads. Browse our current academic calendar using the Training dropdown menu on this page, and get started today!
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Add to Wishlist
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Benjamin Z. Eisenstat
Caplin & Drysdale
- Member, Caplin & Drysdale’s Washington, D.C. office
- Specializing in assisting individuals and corporations in all manner of civil and criminal tax controversies
- Regularly advises clients with offshore assets on coming back into tax compliance through the use of the IRS’s voluntary disclosure programs and streamlined filing compliance procedures
- Represented clients as part of some of largest FBAR investigations in U.S. history
- Co-author of the U.S. Offshore Account Enforcement Issues chapter of the LexisNexis Guide to FATCA and CRS Compliance and co-author of the BNA Portfolio on FBARS
- Co-Chair of the Civil and Criminal Tax Penalties – Criminal Litigation Sub-Committee for the Tax Section of the ABA
- Represented clients in criminal investigations connected to Mossack Fonseca as revealed in the Panama Papers
Niles A. Elber
Caplin & Drysdale
- Member, Tax Controversy Practice, Caplin & Drysdale’s Washington, D.C. office
- More than 20 years of experience representing clients in civil and criminal tax controversies; practice is broad, ranging on the civil side from IRS examinations, appeals matters, and proceedings in federal court while on the criminal side handling both administrative and grand jury tax investigations; has assisted hundreds of clients with their voluntary disclosures and income tax and FBAR penalty exams related to unreported foreign bank accounts.
- Speaks regularly to accountants and tax lawyers on a variety of tax controversy topics
- Co-authored BNA Tax Management Portfolio titled: Report of Foreign Bank and Financial Accounts (FBAR)
- Fellow, American College of Tax Counsel; member, American Bar Association Section of Taxation – past chair, Civil and Criminal Tax Penalties Committee
- J.D. degree, Tulane University; LL.M. degree in tax, New York University
- Can be contacted at [email protected] or 202-862-7827
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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