New York, NY, March 07, 2012 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Cody Cass, Member, Tax Department, WeiserMazars LLP will speak at a 2-hour webcast entitled “Reporting of Foreign Assets: Navigating the Latest Information Reporting Live Webcast.” This event is scheduled for Wednesday, March 21, 2012 from 12:00 PM to 2:00 PM (ET).
About Cody Cass
Cody Cass is a member of the Tax Department at WeiserMazars LLP in New York City. Mr. Cass’s practice focuses primarily on tax controversy and tax quality control for the firm. He represents individuals and entities before Federal, State, and local taxing authorities in controversy resolution matters, including examinations, administrative appeals, penalty abatements, and collections matters. Mr. Cass’s practice also encompasses proactive measures to mitigate clients’ potential tax exposure, such as requests for private letter rulings and voluntary disclosures. Mr. Cass earned a B.A. at Colgate University, and received his J.D. from the University of San Diego School of Law, and his LL.M. in Taxation from New York University School of Law.
About WeiserMazars LLP
Since 1921, WeiserMazars LLP has provided a unique combination of foresight and experience when fulfilling client needs in accounting, tax and advisory services. Named one of the Fastest Growing/All-Star Firms in the country by INSIDE Public Accounting in September, 2011, WeiserMazars’ team of professionals brings technical expertise, industry insight and an integrated, customized approach to dealing with the critical issues and competitive challenges facing the firm’s clients. Whether on the local level or internationally, the firm guides clients through their day-to-day operations and works with them to ensure they have the right financial structure in place to meet their business goals.
WeiserMazars’ team of over 100 partners and approximately 700 professionals is based out of seven U.S. offices, Israel and the Cayman Islands. As the independent U.S. member firm of the Mazars Group – a prominent international accounting, audit, tax and advisory services organization with nearly 14,000 professionals in more than sixty countries on six continents – WeiserMazars represents clients of all types, including owner-managed businesses, complex, multi-national organizations and high net worth individuals in a multitude of industries.
For more information about Cody Cass and WeiserMazars LLP please visit: www.weisermazars.com
As the United States continues to increase its enforcement efforts surrounding the activities of US taxpayers with offshore assets, informational reporting has increased in complexity and administrative burden. Tax practitioners must stay abreast of the latest requirements.
For many years the Bank Secrecy Act has required certain taxpayers to report foreign bank and financial accounts to the U.S. government on Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts, (the “FBAR”). However, the Foreign Account Tax Compliance Act (FATCA) requires an additional annual reporting requirement under IRC Section 6038D for foreign financial assets on IRS Form 8938. This webcast will assist the tax practitioner/preparer in navigating these increasingly difficult waters, including:
• An overview of the FBAR and the TD F 90-22.1
• An overview of the IRS Form 8938 and IRC §6038D
• A compare and contrast of the two forms
• An outline of the penalties for failure to comply (for the taxpayer and, the preparer)
• An overview of the new Offshore Voluntary Disclosure Program recently announced by the IRS
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org.