Welcome To Biggest Online compliance Platform
Banking, Finance, Accounting & Taxation
For U.S. citizens and Green Card holders living outside of the U.S., there is more to worry about than simply filing your tax return. With the implementation of FATCA and the intergovernmental agreements, U.S. filers have had their foreign investments exposed. The Foreign Account Tax Compliance Act (FATCA), enacted to target noncompliance by U.S. taxpayers with certain foreign financial accounts and offshore assets, requires U.S. citizens and residents who own certain foreign financial accounts and offshore assets to report those accounts and assets on Form 8938. This course will discuss the proper reporting of FBARs, FATCA regulations, and other tax filer issues with international investments.
This webinar will be an introduction to the FBAR and the FBAR filing requirements established by the Financial Crimes Enforcement Network (FinCen). Not only will participants leave with an understanding of what the FBAR is but they will know when their client is required to file. There will also be an overview of the BSA e-filing system that is used to submit the FBAR because the form is not filed with the tax return.
· Why the FBAR is filed.
· What the Financial Crimes Enforcement Network (FinCen) is
· Who must file the FBAR.
· How to File the FBAR.
· What the BSA E-filing system is.
· When to file the FBAR.
· Filing an FBAR late.
· Potential FBAR penalties.
After the end of this event, participants will have an understanding of when a taxpayer is required to file FBAR. Participants will also understand what records should be kept that need to be reported on the FBAR, and how to help clients who need to file delinquent FBAR forms. When the FBAR is not filed timely there are penalties associated with that. Participants will learn what those penalties are and how to avoid them.
· Tax professionals wanting to learn how to help clients with foreign assets stay in compliance
· Taxpayers that have bank and investment accounts that are not US based
· Attorneys
· Accountants
· CPA's
· Tax Attorneys
· Tax Compliance Managers
· Tax Compliance Officers
· Enrolled Agents
· Finance professional
· Other Tax Professionals
Timalyn S. Bowens, EA, is an IRS-licensed enrolled agent who has been working in the tax industry for 11 years. She started Bowens Tax & Bookkeeping Solutions in 2016, helping small businesses keep their records straight and compliant with the IRS.
After becoming an enrolled agent in 2018, she began to fully help her clients negotiate with the IRS and represent them in audits. In 2021, her company became Bowens Tax Solutions as their primary focus is now to represent taxpayers before the IRS.
Timalyn is a member of the National Association of Enrolled Agents (NAEA) and the American Society of Tax Problem Solvers (ASTPS). She will be a speaker at an NAEA event later this year to train other tax professionals on a representation topic. She was also a speaker at the Tax and Accounting Summit of 2021.
In addition, Timalyn is a member of the Bellarmine University Alumni Board of Directors, where she serves on the mentor committee. She is also a Bellarmine University Alumni Ambassador, helping prospective students learn more about the university.
Sign up now on pearlacademy.net. Visit pearlacademy.net/webinar to discover a wide range of webinars from industry specialists. Tick on either ‘live webinar’ or ‘on-demand’, and simply click on ‘buy now’ to get enrolled.
You can refer Pearl Education to anyone in your social circle. Explore your industry with your colleagues by getting them signed up on Pearl Education today!
Go for the topic of your keen interest on pearlacademy.net. Tick on ‘live webinar’ and get enrolled! Easy registration, transparent transaction.
You can request for an on-demand webinar that records the live webinar for you. After the webinar ends, you will have full access to the webinar’s recording. You can also explore Pearl Education offline to order your webinar DVDs, flash drives and transcripts.
If you can’t attend the live webinar, simply go for the ‘on-demand webinar’ for the same price! Now, the live webinar recording will be saved in a cloud storage for you to access anytime from anywhere.
Pearl Education offers both hard and soft copies of the webinars. It contains all the highlights as well as comprehensive descriptions of the webinar, so you never miss out a single detail.
After attending the live webinar, your certificate will be emailed to you. You can download it and add more charm to your professional score.
At the end of each webinar, you have the opportunity to interact with your industry experts, where you will get answers to all your queries.
Can’t attend the live webinar? Pearl Education has got you covered! You can always switch to the on-demand webinar from your portal. You can also get your hands on the webinar’s DVD/flash drive and transcript. So order them now!
Pearl Education brings a variety of options for offline learning. Order your DVDs, flash drives or transcripts now to have a lifetime access to Pearl Education webinars. You can also go for on-demand recordings. Download and watch it anytime from anywhere in the world!
