Missing an international information reporting filing obligation for your client can have serious financial consequences. This session provides a focused, technical analysis of international information reporting obligations and the significant risks associated with noncompliance. Participants will evaluate complex reporting requirements, including FBAR, Form 8938 and Form 3520, with an emphasis on nuanced thresholds, attribution rules and overlapping filing regimes.
The session also examines penalty frameworks, assessment statutes and enforcement considerations, as well as advanced remediation strategies such as voluntary disclosure and streamlined filing procedures. Ethical considerations are integrated throughout to support informed, defensible decision-making in high-risk client scenarios.
Objectives
Upon completion of this session, you will be able to:
Analyze complex fact patterns to determine applicable international information reporting obligations
Evaluate penalty exposure and assessment statute implications related to noncompliance
Assess and recommend appropriate remediation strategies based on client risk profiles
Apply ethical standards and professional judgment in advising on disclosure and compliance
