Description

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