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WEBINAR featuring Michel Stein – FBAR 2018 Update: Mastering FinCen Form 114, Deadlines, Extension, Penalty Resolution and Waiver Provisions

Posted by Hochman Salkin Toscher Perez P.C. Posted on Friday, January 19, 2018

FBAR 2018 Update: Mastering FinCen Form 114 Deadlines, Extension, Penalty Resolution and Waiver Provisions

Strafford 

February 1, 2018 – 10:00 a.m. – 11:50 p.m. (Pacific)

On February 1 Michel Stein will be hosting a Strafford Webinar “FBAR 2018 Update: Mastering FinCen Form 114, Deadlines, Extension, Penalty Resolution and Waiver Provisions”  The IRS announced more changes to the filing requirements for the Report of Foreign Bank and Financial Accounts (FBAR), remitted on FinCen Form 114. The changes were meant to benefit taxpayers required to disclose foreign-based financial accounts balances.

The major reporting change takes effect in 2017 for the 2016 tax filing year, moving the deadline for filing the FBAR from June 30th back to April 15th to align the FBAR with the filing deadline for individual income tax returns. For most individual taxpayers, this will accelerate the filing process. In addition to altering the filing deadlines, the new regulations provide U.S. and non-U.S. resident taxpayers with a mechanism for obtaining a six-month filing extension.

This presentation will provide counsel and tax advisers with the tools necessary to navigate the FBAR filing requirements, including the newly announced extension and first-time penalty waiver requests, and will offer detailed guidance on completing and filing an FBAR (FinCen Form 114).

Registration information is available at:

https://www.straffordpub.com/products/fbar-2018-update-mastering-fincen-form-114-deadlines-extension-penalty-resolution-and-waiver-provisions-2018-02-01

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