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Basic Foreign Certificate Program LIVE: U.S. Residents with Foreign Income

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Description

Basic Foreign Certificate Program LIVE: U.S. Residents with Foreign Income
IRS Program #:
X9QQU-T-00917-22-O
CTEC #: 6257-CE-0115
CE: 2 IRS credits & 2 CTEC credits
Speaker: Parag Patel, Esq.

With the IRS aggressively targeting US taxpayers with foreign income and assets, tax professionals must know benefits and obligations. We will review the rules of foreign income and asset disclosure: who needs to file, assets that must be reported, noncompliance penalties, and the potential liability of the taxpayer and tax preparer. 

Learning Objectives:

  • Understand elections
  • Differentiate between Form 1116 and 2555
  • Understand, interpret, and complete Forms 8938 and FinCEN 114
  • Understand penalties
  • Understand foreign rentals
  • Understand foreign pensions-public and private

Contributors

  • Parag P. Patel, Esq.

    PARAG P. PATEL, ESQ. is a tax attorney with the Patel Law Offices in Clark, New Jersey and Margate, Florida. Mr. Patel’s concentrates in tax, trust and estate planning.

    Mr. Patel’s expertise is in all stages of tax controversies including international tax law, foreign bank accounts and disclosures, tax audit defense, and tax appeals.

    Mr. Patel is a Board Certified Tax Lawyer, Board Certified Estate Planning Law Specialist, Board Certified Elder Law Attorney, and frequent speaker on legal issues affecting tax, foreign asset planning, and estate planning. Mr. Patel is a New Jersey Super Lawyer by New Jersey Magazine for tax and estate planning. Mr. Patel has also received an AV Martindale-Hubbell rating, which is the highest professional rating possible among lawyers. Mr. Patel is the Chairman of the Tax Law Committee of American Bar Association’s GP Solo and Small Firm Division. Mr. Patel is a graduate of Georgetown (J.D.) and New York University (LL.M tax) law schools. Mr. Patel is a member of the New Jersey State, New York State, Florida, Middlesex County, and American Bar Associations. Mr. Patel has offices in New Jersey, New York, and Florida.

December 15, 2022
Thu 2:00 PM EST

Duration 2H 0M

This live web event has ended.