PLAY RECORDING
  • Sale!

Overview:

The Foreign Account Tax Compliance Act (FATCA) landscape has been evolving in recent years. With the Internal Revenue Service’s (IRS’) and the U.S. Treasury Department’s continuous efforts to clamp down tax evasion and other criminal activities, complex reporting requirements have been instituted and several FATCA guidance have been released. Thus, significantly shaping this area of law.

As this trend is expected to continue, tougher compliance requirements and sanctions are expected. Businesses and practitioners must keep themselves abreast with the emerging updates in the regulatory paradigm. Revisiting their pre-existing practices is necessary to ensure compliance with the evolving FATCA landscape.

In this LIVE Webcast, tax attorneys Shannon Retzke Smith (Withersworldwide) and Matthew Lee (Fox Rothschild) will provide the audience with an in-depth discussion of the significant trends and updates in FATCA. As experts, they will dig deeper as they analyze critical issues and offer best compliance strategies to avoid pitfalls.

Key topics include:

  • The Foreign Account Tax Compliance Act
  • Emerging Trends and Developments
  • Red Flags
  • Mitigating Risks and Perils
  • Best Compliance Practices
  • 2020 Outlook

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-demand Webcast (CLE); Group-Internet Based

 

Prerequisite:

General knowledge of tax laws

 

Course Code:

148428

 

NY Category of CLE Credit:

Areas of Professional Practice

 

NASBA Field of Study:

Taxes - Technical

 

Total Credit:

1.0 CLE

1.0 CPE (Not eligible for QAS (On-demand) CPE credits)


CLE State Requirements:

https://knowledgewebcasts.com/cle-state-requirements/

Speaker Panel:

Shannon Retzke Smith, Partner
Withers Bergman LLP

Shannon is a Withers partner who focuses her practice on sensitive tax matters, which often involve negotiations with government agencies.

Shannon has significant experience in negotiating with government agencies on complex and highly sensitive tax matters including foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s 2009 Offshore Voluntary Disclosure Program, 2011 Offshore Voluntary Disclosure Initiative, 2012 Offshore Voluntary Disclosure Program, 2014 Offshore Voluntary Disclosure Program, Streamlined Filing Procedure and other means of resolving U.S. income and reporting deficiencies.  She is globally known as one of the go-to attorneys for individuals with US tax or reporting issues and has successfully represented hundreds of U.S. taxpayers across the globe.

Matthew Lee, Partner
Fox Rothschild LLP

Matthew D. Lee is a partner in the Philadelphia office of Fox Rothschild LLP. He is a former U.S. Department of Justice trial attorney who concentrates his practice on all aspects of white collar criminal defense and federal tax controversies. He has extensive experience in advising clients on issues regarding foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s Offshore Voluntary Disclosure Program and Streamlined Filing Compliance Procedures. He has represented hundreds of U.S. taxpayers with undisclosed offshore bank accounts and assets. Mr. Lee has published numerous articles regarding the IRS voluntary disclosure programs and FBAR and FATCA reporting obligations and speaks frequently on these topics. He has also represented clients in all stages of proceedings before the Internal Revenue Service, including audits, appeals, and collections, and Tax Court and district court litigation. Mr. Lee also has experience in conducting corporate internal investigations and advising clients as to corporate compliance issues involving the Bank Secrecy Act, the USA Patriot Act, FATCA, and anti-money laundering laws and regulations. Mr. Lee has represented corporations and individuals in criminal investigations involving tax, money laundering, health care, securities, public corruption, and fraud offenses, and has significant experience in handling all stages of federal litigation including trials and appeals. Mr. Lee is the author of Foreign Account Tax Compliance Act Answer Book 2016 (Practising Law Institute) and publishes a blog entitled Tax Controversy Sentinel (https://taxcontroversy.foxrothschild.com/).

Agenda:

SEGMENT 1: Shannon Retzke SmithPartner Withers Bergman LLP

  • FATCA filings a US person makes (the 8938 side), that is, the ever expanding scope of what is being included on the form, the expanding scope of who must file (now required on the individual and selected entity filings made with a US tax return), impacts for failing to file and means to address noncompliance.

SEGMENT 2: Matthew LeePartner Fox Rothschild LLP

  • Recent enforcement activity regarding FATCA compliance
  • How the IRS is making use of FATCA data provided by foreign financial institutions
  • FATCA compliance issues for foreign financial institutions

Date & Time:

Thursday, February 27, 2020

12:00 pm to 1:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Tax Lawyers
  • Tax Compliance Officers
  • Tax Directors
  • Tax Preparers
  • Tax Consultants
  • Tax Executives
  • CPAs
  • Finance Executives
  • Financial Industry Analysts
  • Foreign Financial Institutions
  • Financial Institution Executives and Senior Officers
ImageNameCategory

SPEAKERS

Shannon Retzke SmithPartner
Withers Bergman LLP
Matthew LeePartner
Fox Rothschild LLP

RELATED WEBCASTS

SUBSCRIPTION PACKAGES

ALL-ACCESS PASS

View Details

CLE LAW MONTHLY

View Details

CPE FINANCE MONTHLY

View Details

Join Over 150,000 Professionals Empowering Their Careers

Learn anywhere from over 1800+ live and recorded CLE CPE & Technology webcasts.