In today’s increasingly connected economy, many businesses and their owners are finding opportunities to do business internationally. In this session, Michael guided participants through the serious potential tax pitfalls, understanding the reporting and compliance issues taxpayers face when doing business abroad, and to understand the filing requirements for businesses with foreign operations and for small business owners who maintain foreign assets. This session covered the filing and compliance requirements related to FATCA, IRS Form 8938, FBAR reporting (FinCEN Form 114), and other information returns. It also touched on possible paths to compliance for taxpayers who have not previously complied with these reporting requirements.
To view the full agenda , please click here.