The Knowledge Group Has Scheduled a Live Webcast on The New FBAR and FATCA Requirements

NEW YORK - June 14, 2017 - PRLog -- Event Synopsis:

Offshore account reporting is changing, and civil & criminal penalties are still high. American citizens and residents with non-U.S. financial accounts have been struggling with these changes for the past years. Recently, the Financial Crimes Enforcement Network (FinCEN) has proposed regulations to conform FBAR filing deadlines to the new date, update the filing exemption, and require filers with 25 or more accounts. The due date for reports of Foreign Bank and Financial Accounts (FBAR) is June 30 of each year. However, with the proposed regulations, reports will be due every April 15.  On top of that, the U.S. Department of Justice (DOJ) and the Internal Revenue Service (IRS) are expanding offshore enforcement efforts. The list of countries automatically exchanging information with the U.S. government to implement the Foreign Account Tax Compliance Act (FATCA), is growing. Banks anywhere around the globe want to ensure that their concerned clients are compliant with the IRS.

These and other developments imply the need for financial institutions and individual taxpayers to take heed.

In this LIVE webcast, a panel of distinguished professionals and thought leaders brought together by The Knowledge Group will help businesses understand the fundamental aspects of this significant topic. They will provide an in-depth discussion of the recent changes made to FBAR and FATCA Requirements. Speakers will also offer best compliance practices and risk mitigation strategies amidst the Next Round of Offshore Tax Enforcement.

Key topics include:

§  The New FBAR and FATCA Requirements

§  Implications of the Changes

§  DOJ's and IRS' Intensified Offshore Tax Enforcement

§  Best Compliance and Risk Management Practices

§  Regulatory Forecasts

Speakers/Faculty Panel

James A. Guadiana

Partner

Torys LLP

Ian M. Comisky

Partner

Fox Rothschild LLP

Kathleen A. Agbayani

Of Counsel

Baker & McKenzie LLP

For an updated list of the faculty panel, please visit:

https://theknowledgegroup.org/event-homepage/?event_id=2330

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.