New York, NY, June 04, 2016 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: IRS Offshore Voluntary Disclosures: What's Next In Disclosing Offshore Accounts. This two-hour event is scheduled on June 10, 2016 at 3:00 PM - 5:00 PM ET.
The IRS has made cracking down on offshore tax evasion a top enforcement priority and compliance pressure for U.S. taxpayers with offshore accounts is only going to increase. Under the IRS’ Foreign Bank and Financial Accounts Program (FBAR), “each United States person who has a financial interest in or signature or other authority over any foreign financial accounts, including bank, securities, or other type of financial accounts, in a foreign country, if the aggregate value of these financial accounts exceeds $10,000 at any time during the calendar year” must disclose the existence of such accounts, and report any income derived from them to the Internal Revenue Service. Taxpayers who fail to file the FBAR (Form 90-22.1) and report their offshore accounts can face serious civil and criminal penalties, including fines, probation and prison sentences.
This Program will outline and cover:
- The IRS Voluntary Disclosure Programs of the past
- The current IRS Voluntary Disclosure Programs
- The changes that have recently taken place in the current IRS Voluntary Disclosure Programs
- How to deal with IRS Appeals, the US Tax Court and the Department of Justice
- What is next for IRS Voluntary Disclosures?
Kevin E. Thorn, Managing Partner, Thorn Law Group
Matthew D. Lee, Partner, Blank Rome LLP
Giovanni V. Alberotanza, Attorney, Rosenberg Martin Greenberg, LLP
Kathleen A. Agbayani, Of Counsel, Baker & McKenzie LLP
For an updated list of the faculty panel, please visit:
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.