This course details options for curing prior year tax/information reporting failures in the international context. It provides details on special provisions for reporting foreign-sourced income on United States tax returns (which often create retroactive issues) and review of information reporting requirements.
This course covers the following Topics:
>> Understand how foreign-sourced income is reported on United States returns and how foreign assets are reported for information purposes
>> Learn in detail how submissions are made under the Streamlined Filing Procedures, and general considerations for a submission/qualification
>> Learn in detail how submissions are made under the Delinquent FBAR/International Information Return Submission Procedures, and general considerations for a submission/qualification
Learning Objectives
- Identify and understand how foreign-sourced income is reported on United States returns and how foreign assets are reported for information purposes.
- Discover and learn in detail how submissions are made under the Streamlined Filing Procedures, and general considerations for a submission/qualification.
- Discover and learn in detail how submissions are made under the Delinquent FBAR/International Information Return Submission Procedures, and general considerations for a submission/qualification.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Education Provider Information
![Instructor for this course Instructor for this course](https://www.illumeo.com/sites/proformative.com/files/imagecache/user_image_large/pictures/picture-147324-1639309666.jpg)