2023 December Solutions Room - FBAR

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Description

2023 December Solutions Room - FBAR
IRS Program #: X9QQU-T-01082-23-O
CTEC #: 6257-CE-0248
CE: 1 IRS & 1 CTEC credit
Speaker: Fernando Juarez, EA, Esq., LLM.

Course Description
U.S. tax residents that own foreign bank and securities accounts are generally required to submit with the FinCEN, the form 114, commonly known as the “FBAR”. This presentation will provide a review of the FBAR and the common scenarios that require an FBAR filing. It will also discuss applicable penalties and most recent legal developments for the FBAR, derived from the 2023 Supreme Court’s ruling in the Bittner case, and the decision just issued in November 2023 in the Ariosto case (which discusses the relationship among the FBAR and a tax treaty).

Learning Objectives

Determine if an asset is subject to reporting on an FBAR.
Identify the applicable thresholds to file an FBAR.
Apply recent caselaw to specific client’s scenarios

Contributors

Fernando Juarez, EA, Esq., LL.M.

Fernando Juarez, Esq., LL.M. EA, is a member of the International Tax Practice at Freeman Law. He advises on complex U.S. and international tax planning. His practice focuses on domestic and cross-border transactions. His experience also includes voluntary disclosures, FBARs and international compliance.

Fernando’s expertise in tax planning extends to Fortune 500 companies, family offices and medium & small businesses. His primary areas of expertise include inbound & outbound structures for international investors and cross border transactions.

Fernando received his law degree from the Escuela Libre de Derecho in Mexico City and holds a Master’s in Laws from Stanford Law School, where he served as the first Hispanic Chair of the Stanford Tax Club. He is licensed to provide tax advice in the U.S. and Mexico.

Currently, he is a National Reporter for the Observatory for the Protection of Taxpayer’s Rights by the IBFD.

Speaking engagements include the Organization for the Economic Cooperation and Development (OECD) in Paris, France; the Tax Executives Institute in Houston, the Start Up Week in San Antonio, the Hispanic Chamber of Commerce in Texas. Fernando has published multiple tax articles with international editors such as Thomson Reuters and the International Bureau of Fiscal Documentation (IBFD) in the Netherlands.

Thank you

Description

Contributors

Fernando Juarez, EA, Esq., LL.M.