To excel as a tax practitioner in an increasingly global marketplace, you must familiarize yourself with the preparation of tax forms for clients conducting foreign transactions or with assets in international accounts.
Gain a thorough understanding of foreign information return reporting requirements and useful techniques to determine whether or not your clients may encounter foreign income tax problems.
Attain a working knowledge of IRS and Department of Treasury foreign information returns to effectively represent clients and comply with Circular 230. All concepts will be discussed in light of the resurrected IRS foreign voluntary disclosure program, which reduces the foreign information return burden.