Compliance Issues for the Global U.S. Business

Authored by CCH Editorial Staff
About this Course
This course examines the reporting requirements for foreign assets and financial interests imposed by the Foreign Account Tax Compliance Act (FATCA) and the FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), and discusses how certain taxpayers may decide to use the Offshore Voluntary Disclosure Program (OVDP) developed by the IRS. This course also discusses the base erosion and profit shifting (BEPS) project of the Organisation for Economic Cooperation and Development (OECD). Upon completion of this course, you will be able to: Recognize the differences between the FBAR and FATCA reporting requirements; Recognize the civil and criminal penalties associated with noncompliance with the FATCA and FBAR requirements; Identify how the OVDP may be used; Recognize the differences between the OVDP and the Streamlined Compliance Process; and Identify the Action Plan items of the Organisation for Economic Cooperation and Development’s BEPS project.
$ 76.00
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NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
2.0
Prerequisites
Basic knowledge of reporting requirements for foreign assets
Last Updated
10/11/2016
CCH-CL_ComplianceUSGlobal