International Penalties and Abatement Strategies
Date: December 4, 2018
Time: 2pm – 4pm EDT
Instructor: Mary Beth Lougen, EA, USTCP
IRS Program Number: NMVBP-T-00114-18-O
The IRS is focusing their resources on international tax compliance; as such, practitioners are seeing increasing numbers of examinations in this area along with FBAR and international information return penalties. We will discuss in detail methods to defeat these penalties, such as reasonable cause, as well as how to effectively represent clients in either an international non-compliance examination or penalty abatement engagement. In addition, we will look at case studies to bring a real-life perspective to these issues.
- Describe the penalty structures for FBARs and other international information returns.
- Explain “reasonable cause” in the context of FBAR and international information return penalties and how to effectively demonstrate reasonable cause and advocate for your client.
- Understand the different ways to contest FBAR and international information return penalties both pre-assessment and post-assessment.