Back in 2014, the IRS modified the streamlined filing procedures in order to accommodate a broader group of U.S. Taxpayers. These changes amount to the IRS's latest effort to promote tax compliance and to crack down on offshore tax evasion, which has been an agency priority for years.
Experts predict that these programs will ease the financial and legal pain for almost 6 million expatriate Americans who live and work abroad, many of whom were utterly naive about FBAR-reporting.
In this presentation, I'll discuss the FBAR; the FBAR-reporting regime; other international reporting forms besides the FBAR; major changes to the IRS streamlined procedures; what is its purpose and who is eligible for it; the two types of streamlined submissions; how to prepare a submission for each; traps for the unwary; frequently asked questions; the question of non-willfulness, what it means, and how to certify it; what is meant by a quiet disclosure; and practical and sound advice.
I. What is an FBAR? (14 minutes)
II. The FBAR-reporting regime (14 min)
III. Other international reporting forms outside of the FBAR (14 min)
IV. Major changes to the IRS streamlined procedures (14 min)
V. Purpose of the procedures and who is eligible for it (14 min)
VI. The two types of streamlined submissions and how to prepare a submission for each (14 min)
VII. Traps for the unwary (14 min)
VIII. Frequently asked questions (14 min)
IX. What is nonwillfulness and how to certify it (14 min)
X. What is meant by a quiet disclosure (14 min)
XI. Practical and sound advice (14 min)
BIOGRAPHY
Michael DeBlis, III is a partner in the boutique law firm of DeBlis Law where he specializes in tax compliance and entertainment law. Michael graduated from Western Michigan University School of Law in 2007 and later went on to earn his Masters of Law in taxation (LL.M.) from Thomas Jefferson School of Law in 2012.
As a former public defender, Michael has spent nearly eight years cutting his teeth on some of the most serious felony cases to pass through the state courts of New Jersey.
Michael’s unique background in tax law puts him into an elite category of criminal defense attorneys who specialize in criminal tax defense. His extensive trial experience and solid grounding in all major areas of federal taxation make him uniquely qualified to handle any white-collar case, no matter how sophisticated it might be.
Michael is known for his creativity, his charismatic personality, and his unyielding dedication to his clients. As a graduate of the National Criminal Defense College, Michael has trained under some of the best-known criminal defense attorneys in the country. That experience has taught him that justice for a person accused of a crime is only won through a full understanding of the client and the case. To that end, Michael attempts to understand each client’s case as a convincing narrative, not just as a set of innocuous facts and arcane legal rules.
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
