Webcast: Foreign Information Tax Returns and the IRS Offshore

As a tax return preparer or tax practitioner, do you know which tax forms are required to report foreign transactions and accounts? In this age of international business and foreign transactions, CPAs must have a working knowledge of IRS and Department of Treasury foreign information returns to effectively represent clients and comply with Circular 230. Learn which forms your clients must file to avoid both criminal penalties and the sometimes-onerous civil penalties imposed by the IRS. You'll explore how to avoid both the potential penalties and the related sanctions that can be asserted against you, the preparer.  Plus, you will gain a thorough understanding of foreign information return reporting requirements and useful techniques to determine whether or not your clients have foreign income tax problems. All concepts will be discussed in light of the resurrected IRS foreign voluntary disclosure program, which reduces the foreign information return burden.