FATCA Rules for Foreign Retirement Account Reporting

Beyond the basics of FBARs and Form 8938, taxpayers who live and work abroad may have additional reporting obligations.  This class will unveil the complexity of the mandated reporting regime for clients invested in foreign “trusts” and passive foreign investment companies (PFICs) such as foreign money market accounts [yikes!], mutual funds, hedge funds, insurance products and [oh my!] pension and retirement accounts that do not enjoy the same tax benefits of their American counterparts.

• Identify a taxpayer’s foreign investment as a PFIC.
  
• Understand the complex reporting requirements required for foreign pension and retirement accounts.
• Recognize which foreign investment may be deemed to be a trust subject to FATCA reporting.
• Properly complete Forms 8621 and 3520.
• Help clients remain compliant.

Credits and Other information:

• Session Duration: 2 Hours
• Case Studies and Live Q&A session with speaker
  
• PowerPoint presentation for reference
• Session learning level: Introductory
  
• Delivery method: Group Internet Based
• IRS Credits: 2 Tax Hours
• IRS Course ID: PJGWS-T-00023-21-O

Who Will Benefit:

• CPA's
  
• Tax Attorneys
• Accountants
• Tax Compliance Managers
• Other Tax Professionals