Correcting Foreign Information Reporting Noncompliance: Voluntary Disclosure Programs, Strafford

Navigating Penalty Abatement for Failure to File Forms 5471, 5472, FATCA, and FBAR

February 5, 2020

On February 5, 2020, Brian Gardner will participate in Strafford's CPE webinar to discuss foreign information reporting noncompliance, voluntary disclosure programs, and navigating penalty abatement for failure to file forms 5471, 5472, FATCA, and FBAR. The panelist will provide practical advice for navigating the current tax amnesty programs available to rectify a client's failure to properly file required international information returns. Specifically, they will cover the following topics:

  • Identifying foreign information noncompliance scenarios
  • Streamlined disclosure program for non-willful delinquency
    • SDOP for U.S. resident
    • SFOP for non-U.S. resident
  • New program for willful delinquency
  • Delinquent international information return submission procedures
  • Delinquent FBAR submission procedures

Please visit Strafford's website to learn more.

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