Foreign Financial Accounts

Course Demo. No credit provided in demo mode.

Credit Hours:
IL - General: 1.0 Credits
CA - General: 1.0 Credits
NY - General: 1.0 Credits
TX - General: 1.0 Credits
OH - Self Study: 1.0 Credits
GA - Self Study: 1.0 Credits
AZ - General: 1.0 Credits
NH - General: 1.0 Credits
AL - On-Demand: 1.0 Credits
UT - Self Study: 1.0 Credits
NJ - General: 1.3 Credits
TN - General: 1.07 Credits
CT - General: 1.0 Credits
IN - Distance Education: 1.0 Credits

Running Time: 1 Hours, 4 Minutes
Faculty: Jacob Stein, Esq -

Course Description

The government crackdown on foreign accounts over the past several years has created uncertainty about taxation and compliance. This program sheds some lights on the topic. It provides an overview of foreign financial accounts, private banking in Switzerland, investments, asset protection, client responsibilities, and FATCA, (the Foreign Account Tax Compliance Act). It presents a thorough discussion of tax reporting and compliance, penalties for non-disclosure, and options available for remedying non-compliance. In addition, the presenters discuss tax preparation for foreign transactions, distinguishing between U.S. and non-U.S. persons for tax purposes, Nexus, disclosure and more.