The Pitfalls of Foreign Asset Reporting

Course Description

This course will explore foreign asset reporting on Form 8938, which will focus on issues that can be traps for the unwary.  This includes differences between foreign account reporting on Form 8938 versus the FBAR, asset valuation issues that impact certain classes of taxpayers filing Form 8938, and the statute of limitations and civil penalties associated with Form 8938.  We will also discuss suggested best practices in light of these issues.

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