NTA2215. U.S. Person's Disclosure Dilemmas

US citizens and residents are required to report their ownership and interests in various foreign assets to the IRS. In this session, we will discuss general reporting requirements and highlight IRS activity related to certain information returns.

Learning Objectives:

• Identify information reporting requirements triggered by various types of foreign assets.
• Recognize applicable penalties when information reporting requirements are not timely and/or completely satisfied.