Description
Gain a clear explanation of what financial accounts need to be disclosed and how properly to do so.U.S. citizens and American companies are relocating overseas to work remotely in record numbers. However, many are unaware of their requirements to report worldwide income and disclose financial accounts. As a result, they unknowingly expose themselves to harsh penalties and potential criminal charges. This material provides clear and concise explanations of what financial accounts need to be disclosed and how properly to do so. This material will also explain what protective steps need to be taken if required reporting has not been done. Related situations in which taxpayers are often unaware of additional filing requirements will be discussed. This information is critical for everyone with activities outside the U.S., especially as the Internal Revenue Service continues to step up efforts to identify and prosecute money laundering and tax evasion worldwide.
Date: 2022-02-15 Start Time: End Time:
Learning Objectives